RBNZ holds, signals rate cuts likely later

By Praveen Menon and Charlotte Greenfield
Updated June 26 2019 - 1:08pm, first published 1:06pm
New Zealand's central bank has kept interest rates on hold at a record low of 1.50 per cent.
New Zealand's central bank has kept interest rates on hold at a record low of 1.50 per cent.

New Zealand's central bank has held the official cash rate (OCR) at a record low of 1.50 per cent but says lower rates may be needed over time to meet inflation and employment objectives.

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