While the US Federal Reserve lifted its federal funds rate target to a range of 1.5-1.75% overnight, New Zealand’s Reserve Bank held its official cashrate at 1.75% this morning.
The Reserve Bank left the official cashrate unchanged at 1.75% yesterday, but this nudging along of economic policy doesn’t sit well with the man with the most influential say on future directions, NZ First leader Winston Peters.
The Reserve Bank decided today to leave the official cashrate unchanged at 2.25%.
The Reserve Bank held its official cashrate at 2.75% today.
The Reserve Bank returned the official cashrate today to the rate it was at 18 months ago – 2.75% – and bank governor Graeme Wheeler said further cuts were likely.
The Reserve Bank left the official cashrate unchanged at 3.5% today.