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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
4 mins to read

'Stronger than expected' GDP growth keeps OCR unchanged

Reserve Bank says it wants to 'contribute to maximising sustainable employment.'

Thu, 27 Sep 2018

 

The Reserve Bank will leave the official cash rate (OCR) at 1.75% with no changes expected until 2020.

With the latest decision, the OCR has now remained unchanged since November 2016. However, as in the August decision, the bank says the direction of its next OCR move “could be up or

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'Stronger than expected' GDP growth keeps OCR unchanged
General Business,
76630
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