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Monetary policy helps us to keep prices stable.
5.5 %
On 10 April 2024, the Monetary Policy Committee agreed to hold the OCR at 5.5%.
Next update: 2:00pm, 22 May 2024
4.0 y/y%
Consumers Price Index (CPI) inflation occurs when the prices of a range of goods and services rise on average.
Updated: 17 Apr 2024
Next update: 17 Jul 2024
We publish our Monetary Policy Statement 4 times a year.
See a timeline of our past monetary policy and Official Cash Rate (OCR) announcements.
We call our work to influence the amount of money in the economy monetary policy.
We use a range of tools to achieve our mandate.
