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Monetary Policy Review

Monetary Policy Review announcement — including the official cash rate (OCR).

We use monetary policy to maintain price stability as defined in the remit.

The current remit requires us to keep inflation between 1 and 3% on average over the medium term, with a focus on keeping future average inflation  near the 2% target midpoint and supporting maximum sustainable employment.

We implement monetary policy by setting the official cash rate (OCR), which is reviewed seven times a year.

See where we publish the Monetary Policy Review news release