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24 Apr 2024 12:26
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  •   Home > News > Politics

    The Reserve Bank's signalled New Zealand will need monetary support for a while longer

    The Reserve Bank's signalled New Zealand will need monetary support for a while longer


    The Official Cash Rate remains unchanged at 0.25 per cent.

    The central bank says the country's economy has picked up -- but several factors supporting it are likely to be temporary.

    Governor Adrian Orr says the outlook's still highly uncertain due to Covid and they don't have a specific date the cash rate will change.

    He says they wanted to make it clear that it'll take some time to get the confidence to do so.

    © 2024 Newstalk ZB, NZCity

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