Thursday, March 12, 2015

RBNZ: Official bank rate unchanged at 3.5%

The Reserve Bank of New Zealand kept the official rate unchanged at 3.5%.

The domestic economy remains strong and the fall in energy prices have increased the purchasing power of households. As usual, the statement mentioned that the New Zealand dollar is unsustainably and further depreciation of the currency is needed to keep the economy competitive.


The monetary policy statement can be obtained here

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