New Zealand central bank keeps rates unchanged at 1.0%

Published Wed, Feb 12, 2020 · 01:30 AM
Share this article.

[WELLINGTON] The Reserve Bank of New Zealand (RBNZ) held the official cash rate at 1.0 per cent at its first policy meeting for the year on Wednesday.

A Reuters poll of economists had expected RBNZ to hold rates as domestic risks receded.

The New Zealand dollar jumped by 0.8 per cent to US$0.6455 after the announcement.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here