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Reserve Bank leaves OCR unchanged

Author
NZN,
Publish Date
Thu, 22 Mar 2018, 9:23AM
Acting Reserve Bank governor Grant Spencer. (Photo \ Mark Mitchell)
Acting Reserve Bank governor Grant Spencer. (Photo \ Mark Mitchell)

Reserve Bank leaves OCR unchanged

Author
NZN,
Publish Date
Thu, 22 Mar 2018, 9:23AM

The Reserve Bank of New Zealand has left the official cash rate unchanged at its record low of 1.75 per cent.

Traders and economists had expected acting governor Grant Spencer to keep interest rates on hold and that was confirmed on Thursday morning.

The OCR has been unchanged since November 2016.

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