UPDATE: RBNZ's Spencer keeps OCR at 1.75%, no hikes on the agenda until at least 2019

Wed, 07 Feb 2018

(Adds detail from monetary policy statement, economist comment from 5th paragraph) By Rebecca Howard Feb. 8 (BusinessDesk) - Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent and continued to signal rates won't lift until the latter half of next year at the earliest due to the lack of inflationary pressure. The kiwi fell. "Monetary policy will remain accommodative for a considerable period," Spencer said in a statement. "Numerous uncertainties remain and policy may need to adjust accordi...

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