UPDATE: RBNZ's Orr keeps OCR at 1.75%, keeps door open for possible rate cut

Wed, 27 Jun 2018

(Updates and recasts to add economists' comments, currency) By Rebecca Howard June 28 (BusinessDesk) - Reserve Bank governor Adrian Orr kept the benchmark interest rate on hold as widely expected but continued to leave the door open for a possible cut as downside risks increase. "The official cash rate will remain at 1.75 percent for now. However, we are well positioned to manage change in either direction – up or down – as necessary," said Orr in the one-page statement. The New Zealand dollar traded at 68.01 US cents as at 10.15am v...

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