New Zealand central bank holds policy rate

RBNZ says inflation risks have become “more balanced”


The Reserve Bank of New Zealand (RBNZ) monetary policy committee has kept its policy rate at 5.5% for the fifth consecutive time, while toning down the hawkish stance adopted during its previous meeting. 

“Core inflation and most measures of inflation expectations have declined, and the risks to the inflation outlook have become more balanced,” the central bank said in a statement today (February 28). 

The bank said it remained confident that the current level of its policy rate was restricting

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