RBNZ held the official cash rate unchanged at 2.25 percent, but only after the governor used her casting vote to break a deadlock.
25 minutes ago
RBNZ governor Anna Breman said the OCR will go up a neutral level.
The governor of the Reserve Bank is expecting the official cash rate to go up to 3 or 3.25 percent in the future.
It has held the official cash rate unchanged at 2.25 percent, but only after the governor used her casting vote to break a deadlock.
The bank's monetary committee was split three-three between staying unchanged and raising to 2.5 percent.
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The Reserve Bank is expected to hold official cash rate steady at 2.25 percent
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Short-term home loan rates are likely to feel the most immediate impact of the Reserve Bank's move on Wednesday to keep the…
Finance Minister Nicola Willis didn't comment on whether Peters' remarks were appropriate.
A 3-3 split saw the Reserve Bank governor make the final call on the OCR.
