OCR 5 50% - Official Cash Rate remains unchanged - Reserve Bank of New Zealand rbnz.govt.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rbnz.govt.nz Daily Mail and Mail on Sunday newspapers.
The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50 percent. The New Zealand economy continues to evolve as anticipated by the Monetary Policy Committee. Current consumer price inflation remains above the Committee's 1 to 3 percent target range. A restrictive monetary policy stance remains necessary to further reduce capacity pressures and inflation.
Nicola Willis announced: Economists Carl Hansen and Professor Prasanna Gai have been appointed to the Reserve Bank Monetary Policy Committee, Finance Minister Nicola Willis announced today. The Monetary Policy Committee (MPC) is the independent decision-making body that sets the Official Cash Rate which determines interest rates. Carl Hansen, the executive director of Capital Strategic Advisors,
Former MPC member Peter Harris says employment hasn’t been removed from the RBNZ’s mandate and the committee is still required to target a ‘soft landing’