Reserve Bank pushes out the likely date of next OCR move to 2021

Wed, 13 Feb 2019

By Jenny Ruth Feb. 13 (BusinessDesk) - Reserve Bank governor Adrian Orr has held his official cash rate steady, as expected, and essentially repeated the language from his last review in November, saying he expects to hold it where it is through 2019 and 2020 and that the next move could be either up or down. The OCR currently sits at its record low of 1.75 percent where it has been since November 2016. “We will keep the OCR at an expansionary level for a considerable period to contribute to maximising sustainable employment and mainta...

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