Reserve Bank of New Zealand News Release

NEWS RELEASE - Reserve Bank pauses, OCR held at 5.75 per cent, 14 August.

The Reserve Bank today left the Official Cash Rate unchanged at 5.75 per cent.

Reserve Bank Acting Governor Rod Carr commented "Since our May Statement, prospects for the international economy have become increasingly clouded, with sharp falls in equity markets and heightened investor nervousness in the US and elsewhere. Although the New Zealand economy has performed well over the past year, the odds of an international s

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