Subscribe today - find out more
Why you should consider BusinessDesk
Finance

Covid lockdown puts OCR rise on hold

Jenny Ruth
Wed, 18 Aug 2021

Reserve Bank governor Adrian Orr heads the monetary policy committee. (Image: Getty)
Jenny Ruth
Wed, 18 Aug 2021
The Reserve Bank's monetary policy committee has left its official cash rate on hold, saying the decision was made in the context of the country going back into lockdown."The committee will assess the inflation and employment outlook on an ongoing basis, with a view to continue to reduce the level of monetary stimulus over time so as to best meet their policy remit," RBNZ said in a statement.The central bank had already halted its large-scale asset purchase programme last month and, before the latest outbreak of covid-19 in the co...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Sport
Why US private equity still sees a silver lining in the All Blacks
Trevor McKewen | Sat, 16 Oct 2021

 Silver Lake has been battered from pillar to post in the great Kiwi rugby debate. So, why is it not giving up?

On the Money
On the Money: John Key, car boss's big bonus, Chris Meehan, and more
Rebecca Stevenson | Sat, 16 Oct 2021

OTM this week: who is the go-to lawyer for high net worth New Zealanders, can this listed company boss rev up his firm, which tech exec is living la vida normal, and more.

Opinion
Has Rob Everett thrown a hospital pass?
Brian Gaynor | Sat, 16 Oct 2021

Samantha Barrass, Rob Everett’s successor at the FMA, may have a baptism of fire.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Sponsored
Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.