RBNZ’s Breman Expects to Hold Cash Rate at 2.25% for Some Time
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000New Zealand’s central bank expects to maintain the Official Cash Rate at current levels for some time if economic conditions evolve as expected, Governor Anna Breman said. The kiwi dollar fell.“The forward path for the OCR published in the November MPS indicates a slight probability of another rate cut in the near term,” Breman said in a statement Monday in Wellington. “However, if economic conditions evolve as expected the OCR is likely to remain at its current level of 2.25% for some time.”