The Reserve Bank has held the OCR at 2.75 percent in a split vote.

Economists had widely expected a hike this week, with inflation being pushed up by higher fuel prices.

But commentators have often said the Reserve Bank may avoid making a change close to the election, although it has no requirement to include any political consideration in its decision-making.

More to come.

Source: RNZ · RNZ | Te Reo Irirangi o Aotearoa

At a glance

Topic
World
Country
🇳🇿 NZ
Publisher language
EN
Added to Allnira