Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

RPT-New Zealand central bank holds rates at 1.75 percent

Published 11/05/2017, 07:16 am
Updated 11/05/2017, 07:20 am
© Reuters.  RPT-New Zealand central bank holds rates at 1.75 percent

(Repeats)

WELLINGTON, May 11 (Reuters) - New Zealand's central bank held its benchmark interest rate at 1.75 percent on Thursday, reiterating that it would keep rates on hold for a considerable period.

"Numerous uncertainties remain and policy may need to adjust accordingly," Reserve Bank of New Zealand governor Graeme Wheeler said in a statement accompanying the decision.

Wheeler said that the recent falls in the exchange rate were encouraging and would encourage the growth outlook if sustained.

All 26 economists polled by Reuters expected no change to the Reserve Bank of New Zealand's (RBNZ) official cash rate (OCR), which was lowered by 25 basis points to the current record low in November. All forecast that rates will stay stable throughout 2017. NZ/POLL

For the text of the statement double click on

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.