WELLINGTON, Oct 29 (Reuters) - New Zealand's central bank kept interest rates steady on Thursday as expected but reiterated that some further easing seemed likely eventually.
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.75 percent, having delivered three cuts in a row.
"To ensure that future average CPI inflation settles near the middle of the target range, some further reduction in the OCR seems likely," the central bank said in a statement.
"This will continue to depend on the emerging flow of economic data. It is appropriate at present to watch and wait."
The decision came just hours after the Federal Reserve put a December tightening firmly in play following a widely expected decision to keep interest rates unchanged.