Reserve Bank of New Zealand News Release

NEWS RELEASE - Official Cash Rate increased to 5.25 per cent, 17 April.

The Reserve Bank today raised the Official Cash Rate from 5.0 per cent to 5.25 per cent.

The Bank's Governor, Don Brash, commented that "Since the Bank's latest comprehensive review of the outlook for inflation last month, things have on balance evolved very much as expected at that time.

"It is clear from December quarter GDP data that domestic demand has been growing strongly, and most information for the March quarter poi