New Zealand leaves Official Cash Rate unchanged

The Reserve Bank of New Zealand has decided to leave the Official Cash Rate unchanged at 5 per cent, 4 September. Governor Alan Bollard said "current monetary policy settings are consistent with medium-term inflation remaining comfortably within the target range, with the risks to inflation balanced".

Source: RBNZ

Speaking at the release of the Bank's September 2003 Monetary Policy Statement Reserve Bank Governor Alan Bollard said "New Zealand has enjoyed an extended period of strong economic g

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