5 July 2000

OCR unchanged

The Reserve Bank today announced that the Official Cash Rate would remain at 6.50 per cent.

The next Official Cash Rate announcement will take place on 16 August with the release of the August Monetary Policy Statement.

For further information contact
Paul Jackman
Corporate Affairs Manager
Ph 04 471 3671, 021 497 418, home 04 938 8177, Jackmanp@rbnz.govt.nz