-
Official Cash Rate unchanged at 1.75 percent
The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and 2020. The direction of our next OCR move could be up or down. Employment is near its maximum sustainable level. However, core consumer price inflation remains below our 2 percent target mid-point, necessitating continued supportive monetary policy. Trading-partner growth is expected to further moderate in 2019 and global commodity prices have already softened, reducing the tailwind that New Zealand economic activity has benefited from. The risk of a sharper downturn in trading-partner growth has also ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 12, 2019 8:32pm Feb 12, 2019 8:32pm
- ray4087
- | Commercial Member | Joined Aug 2017 | 53 Comments
- Comment #2
- Quote
- Feb 12, 2019 8:39pm Feb 12, 2019 8:39pm
- jegas
- Joined Oct 2011 | Status: Forex is an Unpredicatable Game.... | 1208 Comments
- Comment #3
- Quote
- Feb 19, 2019 9:35am Feb 19, 2019 9:35am
- Trivion
- | Joined Aug 2018 | Status: Member | 65 Comments