Articles tagged monetary policy

New Finance Minister Grant Robertson faces a tough time convincing existing Reserve Bank staff that they can run the economy hotter to get unemployment below four percent, at least for now.

The Reserve Bank has left the Official Cash Rate (OCR) on hold at 1.75 percent as universally expected, and has left its outlook for interest rates in neutral.

The Reserve Bank has surprised currency markets and economists by sticking to its neutral stance on monetary policy and leaving its forecast for the Official Cash Rate (OCR) unchanged from its last set of forecasts in February.