The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.
An article published today in the Reserve Bank Bulletin provides an overview of the importance of benchmarks, which are used to price, value and evaluate financial market transactions.
The sensitivity of the New Zealand economy to global developments has been underlined in the Reserve Bank Bulletin.
As is usual ahead of a government bond maturity, and as advised by the New Zealand Debt Management Office on 25 May 2017, the Reserve Bank offers to purchase NZ government bonds maturing 15 December 2017 for liquidity management purposes.
The Reserve Bank today published a consultation paper seeking feedback on serviceability restrictions such as debt to income (DTI) limits being added to its macro prudential toolkit.