Sat, May 08, 2021 @ 22:35 GMT
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Reserve Bank of New Zealand

(RBNZ) Official Cash Rate Unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. The recovery in commodity prices and more positive business and consumer sentiment in advanced economies have improved the global outlook. However, major challenges remain with on-going surplus capacity in the global economy and rising geo-political uncertainty.