UPDATE: 'Pigeon-like' RBNZ still firmly on hold despite increasing inflationary pressure

Thu, 08 Nov 2018

By Rebecca Howard Nov. 8 (BusinessDesk) - The central bank says that inflation pressures are rising in New Zealand but it continues to reiterate rates will be on hold until 2020 and a cut remains possible. In his three monthly monetary policy statement this morning, Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent as widely expected and said the central bank expects to keep it at this level into 2020. While the statement pared back language around a possible rate cut, he told a press conference in Wellington t...

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