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