New Zealand Monetary Policy

New Zealand

New Zealand: Central Bank stays put

April 26, 2012

At its 26 April monetary policy meeting, the Reserve Bank of New Zealand (RBNZ) maintained the official cash rate (OCR) unchanged at a record-low 2.50%, in a decision widely expected by market analysts. Monetary authorities have kept the main policy rate unchanged since March 2011. In its statement, the RBNZ argued that "inflation is restrained and is expected to stay near the middle of the Bank

Author:, Senior Economist

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Note: Official Cash Rate (OCR) in %.
Source: Reserve Bank of New Zealand.

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