New-Zealand RBNZ interest rate decision on 09.05.2018

  • Interest rate unchanged
  • RBNZ keeps outlook for the cash rate at 1.8% for June 2019 off from 1.9%
  • Sees inflation for June 2019 at 1.6% from 1.8% prior
  • Low food and imported inflation, low wage growth keeps inflation outlook subdued
  • To keep OCR at this expansionary level of 1.75% for a considerable period of time
  • The direction of our next move is equally balanced, up or down
  • Sees CPI reaching 2% in Q4 2020 from Q3 2020
  • Domestic growth is robust
  • Have seen unprecedented growth in employment

Kiwi loses 0.5% on subdued inflation and interest rate outlook for 2019


Here are the links to the Cash Rate Statement and the Monetary Policy Statement

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