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OCR 5.50% - Official Cash Rate remains unchanged

OCR 5.50% - Official Cash Rate remains unchanged
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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.

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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

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OCR 5.50% - Official Cash Rate remains unchanged - Reserve Bank of New Zealand

OCR 5.50% - Official Cash Rate remains unchanged - Reserve Bank of New Zealand
rbnz.govt.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rbnz.govt.nz Daily Mail and Mail on Sunday newspapers.

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Live updates: Government doesn't lay out key information in first Budget statement in breach of convention

Here's what has been announced.

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NZ First Impressions: Budget Policy Statement Review

In addition, the Treasury is now also forecasting a lower trajectory for inflation. With CPI inflation expected to be close to the RBNZ’s 2% midpoint by the middle of next year, the forecast for nominal GDP is significantly lower across the forecast horizon – indeed by a cumulative $42.8bn – implying a markedly smaller tax base.

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Budget Policy Statement a sobering reality check - Jenée Tibshraeny

Budget Policy Statement a sobering reality check - Jenée Tibshraeny
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Reserve Bank FULL STATEMENT – The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%

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The Reserve Bank's 'dovish' turn - OCR cuts now seen earlier

Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'

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Monetary Policy remains restrictive

Monetary Policy remains restrictive
rbnz.govt.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rbnz.govt.nz Daily Mail and Mail on Sunday newspapers.

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