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New Zealand’s Stable Economy: Government’s Fiscal Management Keeps Official Cash Rate Low

3 weeks ago | 279 views

The Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says. The Reserve Bank of New Zealand today announced it would keep the Official Cash Rate (OCR) at 3. 25 per cent while continuing to foreshadow further reductions in the OCR.

Tags: Government fiscal management Reserve Bank Official Cash Rate Finance Minister Nicola Willis New Zealand OCR interest rates economic management