TMM - News
OCR cut no surprise

Thursday 10th of November 2016
Reserve Bank governor Graeme Wheeler reduced the OCR by 25 basis points to a historic low of 1.75%, citing weak global inflation and upward pressure on the New Zealand dollar as reasons.
He also said that monetary policy will remain accommodative due to numerous uncertainties.
ASB chief economist Nick Tuffley said the OCR cut and the Reserve Bank’s accompanying statement were very...
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