New Zealand’s central bank keeps interest rate at 5.50%

April 10, 2024 Tóth Balázs
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The Reserve Bank of New Zealand (RBNZ) has decided to keep the official cash rate (OCR) at 5.50% for the sixth time in its April review.
According to the RBNZ’s Monetary Policy Committee, the economy is developing in line with expectations and high interest rates are reducing capacity pressures and inflation. The committee reached a consensus to keep the OCR unchanged, the RBNZ said.
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