RBNZ leaves OCR unchanged

The Reserve Bank of New Zealand decided to leave the Official Cash Rate unchanged at 5.0 per cent on 4 November.

Source: RBNZ

Reserve Bank Governor Alan Bollard commented "In saying that, small increases in the OCR may be required over the year ahead to ensure that inflation remains comfortably within the target range over the medium term.

"New Zealand's economy has continued to perform well in 2003, although growth has been seated in the domestic economy rather than the export sector, where ear