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Reserve Bank keeps Official Cash Rate at 1 per cent

Author
Newstalk ZB,
Publish Date
Wed, 13 Nov 2019, 2:03PM
Adrian Orr. Photo / NZ Herald
Adrian Orr. Photo / NZ Herald

Reserve Bank keeps Official Cash Rate at 1 per cent

Author
Newstalk ZB,
Publish Date
Wed, 13 Nov 2019, 2:03PM

The Reserve Bank has opted to keep the official cash rate unchanged at a record low 1 percent.

Most economists had recommended another cut.

In August, the central bank slashed the OCR by 50 basis points, on top of a 25 basis point cut in May.

The OCR had before then been unchanged for two and a half years.

 

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