Reserve Bank holds Official Cash Rate at 5.50% with short, placeholder statement
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
Source: interest.co.nz
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(RBNZ) OCR 5.50% - Official Cash Rate remains unchanged
The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50 percent. The New Zealand economy continues to evolve as anticipated by the Monetary Policy Committee. Current consumer price inflation remains above the Committee's 1 to 3 percent target range. A restrictive monetary policy stance remains necessary to further reduce capacity pressures and inflation.
Source: actionforex.com
The first former member of the RBNZ's Monetary Policy Committee on his time in the hot seat
Former MPC member Peter Harris says employment hasn’t been removed from the RBNZ’s mandate and the committee is still required to target a ‘soft landing’
Source: interest.co.nz
(RBNZ) Monetary policy to remain restrictive
The Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50%. Interest rates are restricting spending in the economy and consumer price inflation is declining, as is necessary to meet the Committee's Remit. However, inflation remains too high, and the Committee remains wary of ongoing inflationary pressures.
Source: actionforex.com
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Powerful Reserve Bank group appointments: Former board member Chris Eichbaum challenges public narrative
Former RBNZ board member discusses 'ban' of researchers on Monetary Policy Committee.
Source: nzherald.co.nz