Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'
The Reserve Bank has kept the official cash rate (OCR) at 5.5 per cent, as expected. But it softened its stance slightly, with new forecasts suggesting it.
The Reserve Bank has kept the official cash rate (OCR) at 5.5 per cent, as expected. But it softened its stance slightly, with new forecasts suggesting it