RBNZ leaves OCR unchanged at 7.25 per cent

The Reserve Bank of New Zealand announced Thursday 9 March that its Official Cash Rate (OCR) will remain on hold at 7.25 per cent.

Reserve Bank Governor Alan Bollard said: "Recent data have confirmed our earlier view that economic growth is slowing. Business activity and confidence have been softening for some time. On the other hand, household spending has only recently started to wane. A key driver of strong household spending has been the buoyant housing market which, while showing signs of

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