Covid case halts RBNZ rate hike plans

Rachael King

New Zealand’s central bank chose to leave interest rates at record lows today (August 18) as the country entered lockdown following a single Covid-19 case in the community.

In a statement, the RBNZ’s monetary policy committee said it would maintain the official cash rate at 0.25% “for now”. The MPC stressed its decision was made in the context of the government’s Covid-19 restrictions, which were implemented earlier this week.  

“The committee agreed that their least regrets policy stance is

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