central bank watch
Reserve Bank of New Zealand Policy Still on Hold
July 25, 2012
For the eleventh scheduled policy meeting at the RBNZ in a row, officials decided not to change the 2.5% Official Cash Rate, which is at an all-time low. The OCR was slashed during the Great Recession from 8.25% to 2.5%, a level reached at the end of April 2009. There were two subsequent hikes of […] More
