Reserve Bank Leaves Cash Rate Unchanged

The Reserve Bank has left the OCR on hold.

It currently sits at 2.25 per cent - a record low for New Zealand. Six weeks ago the Bank surprised many when it cut rates. While another cut is expected soon, most analysts expect it to come later this year.

The Reserve Bank has left the OCR on hold.

It currently sits at 2.25 per cent – a record low for New Zealand. Six weeks ago the Bank surprised many when it cut rates. While another cut is expected soon, most analysts expect it to come later this year.

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