RBNZ keeps rates unchanged but signals future cuts

reserve-bank-of-new-zealand-rbnz-2

The Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged today (June 26), but said the economy may soon need a more accommodative policy due to lower international and domestic growth.

The monetary policy committee left the official cash rate (OCR) at 1.5%. But it said the economic outlook had “softened” since its previous statement in May. Rate-setters “agreed that a lower OCR may be needed to meet its objectives, given further deterioration in the outlook for trading-partner

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: