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  • Reserve Bank of New Zealand Official Cash Rate unchanged at 1.75 percent, says low food, import price inflation, subdued wages keeping inflation down
Market news
10.05.2018, 06:29

Reserve Bank of New Zealand Official Cash Rate unchanged at 1.75 percent, says low food, import price inflation, subdued wages keeping inflation down

  • CPI remains below 2 pct

  • Sees official cash rate at 1.9 pct in september 2019 (pvs 1.9 pct)

  • Cash rate at 2.4 pct in june 2021

  • Have seen an unprecedented increase in employment

  • Expect to keep OCR at this expansionary level for a considerable period of time

  • Immigration adding to the supply of labour

  • The direction of our next move is equally balanced, up or down

  • Global inflation pressures are expected to rise but remain contained

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