Reserve Bank remains dovish after holding interest rates
Monetary policy committee says a ‘lower OCR may be needed over time’ to support employment.
Nevil Gibson
Wed, 26 Jun 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
As expected, the Reserve Bank today retained the official cash rate (OCR) at 1.5% after its monthly review.
However, it maintained its dovish outlook that a “lower OCR may be needed over time” to support employment. The minutes of its monetary policy committee revealed a stronger likelihood
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Nevil Gibson
Wed, 26 Jun 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
