The Official Cash Rate remains at 0.25 percent, and we will continue to keep interest rates low through our Large Scale Asset Purchase and Funding for Lending programmes.
The Monetary Policy Committee uses a range of tools to support full employment and keep inflation stable. The Official Cash Rate (OCR), large scale asset purchases, and the Funding for Lending Programme (FLP) affect the interest rates faced by New Zealand households and businesses. The seven members of the Monetary Policy Committee have agreed to maintain the current stimulatory level of monetary conditions.
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