Re­serve Bank holds OCR, warns risks re­main

Taranaki Daily News - - Business -

The Re­serve Bank says em­ploy­ment may have reached the ‘‘max­i­mum sus­tain­able level’’, but in­ter­est rates will stay low un­til at least 2020. Yes­ter­day Re­serve Bank gover­nor Adrian Orr left the bench­mark of­fi­cial cash rate (OCR) un­changed at 1.75 per cent. ‘‘We ex­pect to keep the OCR at this level through 2019 and into 2020.’’ Pre­vi­ously the cen­tral bank has said the next move in in­ter­est rates could be ei­ther up or down and while re­cent eco­nomic growth and em­ploy­ment fig­ures are stronger than ex­pected, Orr main­tained that there were risks to the econ­omy.

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