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MNI BRIEF: RATES ON HOLD AT RBNZ

MNI (Sydney)

The Reserve Bank of New Zealand has kept its policy settings unchanged, holding the Official Cash Rate at 0.25% and maintaining the NZD100 billion program of Quantitative Easing.

The RBNZ Monetary Policy Committee met today, and its statement said that while settings remained unchanged, prolonged monetary stimulus remained necessary.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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