RBNZ leaves cash rate unchanged at 5.5%, as expected ...Middle East

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Reserve Bank of New Zealand leaves its cash rate unchanged, as was very widely expected, but insists it'll remain restrictive with inflation still being too high. Indeed the track of the OCR from the Bank is slightly higher: Sees official cash rate at 5.63% in March 2024 (prior 5.58%)Sees official cash rate at 5.66% in December 2024 ( prior 5.5%)Sees official cash rate at 5.56% in March 2025 ( prior 5.36%)Sees official cash rate at 3.55% in December 2026More:Sees NZD TWI at around 70.7% in December 2024 ( prior 71.0%)Sees annual CPI 2.5% by December 2024 ( prior 2.4%)More: Interest rates are restricting spending in the economy and consumer price inflation is declining, as is necessary

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Last updated : 29 Nov 2023 clock 04:09 AM

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RBNZ leaves cash rate unchanged at 5.5%, as expected ...Middle East

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