RBNZ

New Zealand’s Reserve Bank has decided to hold its cash rate once again.

New Zealand’s central bank has agreed to hold its cash rate at a 14-year high.

New Zealand’s monetary policy committee has moved to lift the official cash rate by 50 bps from 4.75 per cent to 5.25 per cent.

The Reserve Bank of New Zealand will allow more lending to borrowers in the highest risk bands as the restrictions have built financial stability.

New Zealand’s central bank has signalled an end of its tightening cycle as rates reach the highest level in 14 years.