OCR likely to stay steady well into 2020, Reserve Bank says
The central bank has its eye on employment rates and business confidence.
Thu, 09 Aug 2018
The Reserve Bank will keep the official cash rate at 1.75% as it expects an uptick in economic growth over the rest of 2018.
Reserve Bank governor Adrian Orr says that the OCR should stay at this level well into 2020, which is “longer than we projected in our May statement.” However, the
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
