The Reserve Bank has left the Official Cash Rate unchanged at 1%, but says there is still scope for further stimulus if necessary. It was always seen as most likely the OCR would be left unchanged after the RBNZ stunned the markets with a 50 basis points cut made at the last review on August 7. This is the full statement issued by the RBNZ on Wednesday: The Official Cash Rate (OCR) remains at 1.0 percent. The Monetary Policy Committee agreed that new information since the August Monetary Policy Statement did not warrant a significant change to the monetary policy outlook. Employment is around its maximum sustainable ... (full story)