Official Cash Rate to remain restrictive

The Monetary Policy Committee today agreed to keep the Official Cash Rate at 5.50 percent.

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Media statement from the Reserve Bank Chairman

Reserve Bank Chairman Arthur Grimes today congratulated Graeme Wheeler on his appointment as Reserve Bank of New Zealand Governor.

Dr Grimes said: "The Reserve Bank Board looks forward to working with Mr Wheeler when he begins his new role at the Bank in late September."

Media Contact:
Sonia Speedy, External Communications Adviser
Ph 04 4713846, 021 663 082, [email protected]

See press release from Finance Minister Bill English announcing Mr Wheeler's appointment on the Beehive website.