RBNZ holds rates at 2.25% in new governor’s first meeting
Analysts expect central bank to maintain accommodative policy for some time
The Reserve Bank of New Zealand (RBNZ) has kept rates at 2.25% while inflation picks up, with analysts expecting it to maintain policy at its current level over the coming months.
In a release on February 18, the bank’s monetary policy committee (MPC) said the domestic economy was at an “early stage of recovery”. It added that there had been “ongoing strength” in activities in the agricultural sector and that residential and business investment was increasing.
Headline inflation was 3.1% in the
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