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The Reserve Bank of New Zealand increased the Official Cash Rate by 25 basis points to 2.50% at its July meeting. Committee members justified the decision by pointing out that inflation remains above target, growth is expected to accelerate over the next six months and that the prevailing level of the OCR was judged to be stimulatory.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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