RBNZ leaves interest rate unchanged at 1.75%, direction of next move is equally balanced, up or down

Eren Sengezer FXStreet

In a widely expected decision, the Reserve Bank of New Zealand (RBNZ) has left its official cash rate unchanged at 1.75%.

The RBNZ won't be publishing its usual monetary policy statement or an updated forecast following its latest meeting. Below are the key highlights from the one-page summary.

OCR to remain at 1.75 pct for some time to come.
Keeping OCR at current level is best contribution to maximising sustainable employment and low and stable inflation.
Expects to keep the OCR at this expansionary level for a considerable period of time.
Direction of next move is equally balanced, up or down.
Consumer price inflation remains below target.
Policy to be supportive for some time to come.
Employment around a sustainable level.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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