RBA leaves OCR on hold, suggests more cutting could be necessary
Mr Stevens says the outlook for inflation “may afford scope for further easing of policy, should that be appropriate to lend support to demand.”
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Hawke’s Bay
Update: The kiwi dollar has dropped more than a cent in just over an hour, following the Reserve Bank of Australia decision to keep its OCR on hold.
The kiwi fell from just over 94.5c against the Aussie, to just over 93.5c.
Earlier: The Reserve Bank of Australia (RBA) has left its official cash
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Jason Walls
Tue, 03 Nov 2015
Tue, 03 Nov 2015
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RBA leaves OCR on hold, suggests more cutting could be necessary
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