RBNZ keeps rates unchanged but signals future cuts

New Zealand central bank thinks lower rates may be needed due to weak global and local growth

reserve-bank-of-new-zealand-rbnz-2

The Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged today (June 26), but said the economy may soon need a more accommodative policy due to lower international and domestic growth.

The monetary policy committee left the official cash rate (OCR) at 1.5%. But it said the economic outlook had “softened” since its previous statement in May. Rate-setters “agreed that a lower OCR may be needed to meet its objectives, given further deterioration in the outlook for trading-partner

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.