RBNZ to leave rates unchanged in pre-election MPS as inflation stays tame

Sun, 07 Sep 2014

By Jonathan Underhill Sept. 8 (BusinessDesk) - The Reserve Bank of New Zealand will probably keep its key interest rate unchanged in a policy review that comes nine days before the general election, with consumer prices tame enough for the bank to trim its outlook for inflation and rates. The central bank will keep the official cash rate at 3.5 percent on Thursday, according to a Reuters survey, and isn’t expected to hike again this year after saying in July that a “period of assessment” was needed. The Reserve Bank’s survey of expecta...

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