RBNZ keeps options open as rates stay on hold
Next rate move “could be up or down” says governor Adrian Orr
The Reserve Bank of New Zealand held its headline interest rate steady at today’s (February 13) policy meeting, keeping its options open amid signs of a global slowdown.
The official cash rate remains at 1.75%. “We expect to keep the OCR at this level through 2019 and 2020,” said governor Adrian Orr in a post-meeting statement. “The direction of our next OCR move could be up or down.”
Like many central banks, the RBNZ is bracing for the effects of a global slowdown. Orr said the risk of a
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