Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

As Expected, RBNZ Maintains OCR at 1.75%

The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. This was widely expected.

The key points in the RBNZ statement are:

Keeps cash rate unchanged at 1.75%

Monetary Policy will remain Accommodative for a considerable period

Numerous uncertainties remain; may adjust policy accordingly

Outlook for tradeables inflation remains weak

Headline inflation is likely to decline in coming quarters

House price inflation moderation is expected to persist, bur risk of resurgence in prices remains.

The NZD is higher in immediate response.

Below is link to the full RBNZ press statement:

http://www.rbnz.govt.nz/news/2017/06/official-cash-rate-unchanged-at-1-75-percent

Current indicative levels are:

NZD-USD 0.7330 / 0.7360
NZD-AUD 0.93.00 / 0.9330
NZD-EUR 0.6230 / 0.6260
NZD-GBP 0.5640 / 0.5660
NZD-JPY 80.60 / 81.00


ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Crown Accounts: Slightly Softer Growth Expected In PREFU

A slightly softer growth forecast is the main feature of largely unchanged Pre-election Fiscal Update compared to the Budget forecasts three months ago, Finance Minister Steven Joyce says. More>>

ALSO:

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO: