RBNZ leaves rates unchanged at 5.25 per cent

The Reserve Bank of New Zealand decided to leave the Official Cash Rate unchanged at 5.25 per cent on 11 March. Alan Bollard said the overall CPI inflation rate has so far been offset by weak imported inflation due to the rising NZ dollar exchange rate.

Speaking at the release of the Reserve Bank's March 2004 Monetary Policy Statement, Reserve Bank Governor Alan Bollard said "New Zealand has continued to enjoy a period of sustained economic growth over recent years. Partly related to this, inf