INDEPENDENT NEWS

OCR Unchanged

Published: Thu 23 Oct 2003 10:15 AM
OCR Unchanged
The Reserve Bank has left the OCR unchanged at 5.00 per cent, this being consistent with inflation outcomes within the Bank's target range.
As noted in our September Monetary Policy Statement, the New Zealand economy has been enjoying strong economic growth, with robust domestic demand countering weaker conditions in parts of the export sector. Strong inflation pressures are evident in some industries, although these pressures have to date been largely offset by weaker imported inflation.
In saying that, the Bank reiterates that its headroom to absorb additional inflation pressures over the medium term is limited. The current market expectations of interest rates appear broadly consistent with this view as currently reflected in financial market prices. The Bank will continue to assess activity and inflation pressures accordingly, as new information comes to hand.

Next in New Zealand politics

Minister Little All Out Of Answers On Mental Health
By: New Zealand National Party
Bringing Back The Health Of Hauraki Gulf
By: New Zealand Government
The Rt Hon Winston Peters - AGM Address
By: New Zealand First Party
New Members Appointed To Waitangi Tribunal
By: New Zealand Government
Nurses Reject DHB Offer And Confirm Strike Action
By: New Zealand Nurses Organisation
Mental Health – A Tsunami Of Unmet Need
By: Association of Salaried Medical Specialists
On Failing To Prepare For Either Mental Health Needs, Or Covid Outbreaks
By: Gordon Campbell
Small Steps For Hauraki Gulf Protection, Much More Action Needed
By: Green Party
Fishing Reserves Hijacked By Co-governance Agenda
By: ACT New Zealand
New Protections And Restrictions In The Hauraki Gulf – Expert Reaction
By: Science Media Centre
A Positive Change For Tīkapa Moana, The Hauraki Gulf
By: WWF
DHBs Disappointed By Strike Action
By: All District Health Boards
View as: DESKTOP | MOBILE © Scoop Media