RBNZ holds OCR steady at 5.5%, expresses confidence in returning inflation to target range

<p>In line with broad expectations, RBNZ keeps OCR unchanged at 5.5%, as tightening cycle has finally entered in to a pause phase. RBNZ expressed its confidence in the current restrictive interest rate level, stating, “consumer price inflation will return to within its target range of 1 to 3% per annum, while supporting maximum sustainable employment.” […]</p>
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