WELLINGTON: New Zealand’s central bank held its official cash rate (OCR) at 0.25% in a widely expected move yesterday, saying it needs to observe the economic impact of new housing market measures and the return of some international tourists.
The Reserve Bank of New Zealand (RBNZ) also retained its large-scale asset purchase (LSAP) programme at NZ$100bil (US$70.55bil or RM291.29bil).
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