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INDEPENDENT NEWS

RBNZ keeps OCR at 1.75%

By: HiFX
Published: Thu 9 Nov 2017 09:36 AM
RBNZ keeps OCR at 1.75%
The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. This was widely expected.
The key points in the RBNZ statement are:
CPI projected to remain near mid-point target
Numerous uncertainties remain and policy may need to adjust accordingly
Impact of new government policies remain very uncertain
global growth continues to improve
Economic growth is projected to strengthen
The NZD is jumped higher in immediate response.
Current indicative levels are:
NZDUSD 0.6930 / 0.6970
NZDAUD 0.9025 / 0.9065
NZDEUR 0.5970 / 0.6000
NZDGBP 0.5280 / 0.5310
NZDJPY 78.90 / 79.20
ends
HiFX
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HiFX is one of the largest foreign exchange and international payment specialists in the world, managing over $30 billion on behalf of over 100,000 clients worldwide every year.
Large enough to undertake the biggest transactions, yet small enough to care about each and every one – send and receive overseas payments and manage your account anytime, anywhere. HiFX gives you the flexibility you need to transfer money quickly and easily via a secure online platform 24 hours a day, seven days a week - making moving money as easy as 1,2,3.
HiFX Ltd ABN 54 106 779 953/ AFSL No 240914
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