The RBNZ leave monetary policy unchanged, as expected

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of New Zealand 

  • leaves the cash rate unchanged at 0.25%
  • says its prepared to lower the rate further if required
  • large-scale asset purchases program (LSAP) left at NZ$100bn
  • says it'll leave current monetary policy settings in place until its confidence that inflation and jobs targets are achieved 
  • expects a prolonged period of time to pass before these targets are hit 

 more to come  

Access to the statement from the Bank and the minutes of the meeting are here at this link for much more:
  • there will be no update to forecasts 
  • there will be no press conference
For background, earlier:

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