'Cloud' prompts N.Z. to leave rates on hold

NEW ZEALAND - New Zealand left its official cash rate unchanged at 5.75 percent Wednesday, citing the global economy's "increasingly clouded" prospects.

Reserve Bank of New Zealand acting Governor Rod Carr said that while the country's economy had performed well over the past year, the odds of an international slowdown had increased.

He also noted the bank's concerns over high core inflation of around 3 percent.

New Zealand last moved on rates on 3 July, when it lifted by a quarter of a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account