RBNZ keeps options open as rates stay on hold

rbnz1

The Reserve Bank of New Zealand held its headline interest rate steady at today’s (February 13) policy meeting, keeping its options open amid signs of a global slowdown.

The official cash rate remains at 1.75%. “We expect to keep the OCR at this level through 2019 and 2020,” said governor Adrian Orr in a post-meeting statement. “The direction of our next OCR move could be up or down.”

Like many central banks, the RBNZ is bracing for the effects of a global slowdown. Orr said the risk of a

To continue reading...

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 here: