Reserve Bank of New Zealand - News Release

NEWS RELEASE - Reserve Bank of New Zealand OCR unchanged at 4.75 per cent, 23 January.

The Reserve Bank today left the Official Cash Rate unchanged at 4.75 per cent.

Reserve Bank Governor Don Brash commented "This decision reflects a balancing of risks between a domestic economy that seems rather more buoyant than we expected at the time of the November 2001 Monetary Policy Statement and continuing weakness offshore.

"As expected in November, growth in the economies of our trading partners has c