Reserve Bank of New Zealand Press Release

PRESS RELEASE - OCR stable at 5.75 per cent, 2 October.

The Reserve Bank today left the Official Cash Rate unchanged at 5.75 per cent.

Reserve Bank Governor Alan Bollard commented "The New Zealand economy has shown solid growth over the past year with both domestic and export activity proving robust. Growth over the June quarter of 2002 was a little stronger than we expected.

"However, growth among our trading partners has continued to track at relatively modest levels. This was anticipated to