Unchanged at 2.5%
Comments from the monetary policy statement:
- Global outlook remains mixed
- GDp growth in Australia and China has slowed
- Says LIKELY TO RAISE RATES IN 2014
- SAYS NZD ‘REMAINS HIGH’
- EXPECTS TO LEAVE KEY RATE at 2.5% in 2013
The NZD is higher as the statement comments get digested, the market seems to like the ‘LIKELY TO RAISE RATES IN 2014′ comment.
More:
- Notes rapid house rice inflation in Auckland and Canterbury
- Doesn’t want price stability hurt by housing inflation
- Restriction on high LVR mortgages to help slow the housing market
LINKS:
- September 2013 Monetary Policy Statement (PDF 1MB)
- MPS September 2013 — Policy Assessment by Governor Graeme Wheeler
- News release announcing MPS for September 2013