RBNZ reinforces last week's statement

Reserve Bank of New Zealand governor Alan Bollard on Tuesday 3 May reinforced his statement of 28 April that economic data suggests that underlying demand and inflation pressures remain strong and that, in this environment, further policy tightening cannot be ruled out.

Dr Bollard was speaking to a Masterton District Council Business Community Breakfast Meeting.

"Last week I announced that the Official Cash rate (OCR) would remain at 6.75 per cent," Dr Bollard said. "But I reiterated our concerns

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