MIL-OSI New Zealand: Official Cash Rate reduced to 1.5 percent

By MIL OSI - ForeignAffairs.co.nz  /  May 8, 2019  /  24-7, AM-NC, Asia Pacific, Asia Pacific Region, Australia, Banking and Finance, Business, China, Commerce, CTF, DJF, Economy, English, Finance, Investment, KB, Media Intelligence, MIL OSI, New Zealand, New Zealand Government, New Zealand Government - Business, Open Source Intel, Peoples Republic Of China, Reserve Bank of New Zealand, Trade  /  Comments Off on MIL-OSI New Zealand: Official Cash Rate reduced to 1.5 percent

Source: Reserve Bank of New Zealand Tena koutou katoa, welcome all. The Official Cash Rate (OCR) has been reduced to 1.5 percent. The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for employment and inflation consistent with its policy remit. Global economic growth has slowed since mid-2018, easing demand for […]