The OCR will remain at 5.5 per cent for third time since July, retail suffers $2.6 billion in losses from crime in the year to June and Hipkins improving, but will stay in isolation until Friday. Video / NZ Herald
OCR HELD STEADY
The official cash rate has been held steady in the Reserve Bank’s final review before the election.
The OCR will remain at 5.5 per cent, the third time it’s been held steady after RBNZ halted 18 months of rate hikes back in July.
But despite no increase,it warned Kiwis that cuts to the OCR are still a long way off.
