The official cash rate... has remained unchanged
The official cash rate... has remained unchanged
27 March 2019
That's two years and four months of interest rates sitting at the record low 1.75 per cent.
The Reserve Bank announced the rate at 2pm.
The bank says it's keeping the record low OCR level to maximise employment, and maintain low and stable inflation.
However, it's also warned the next OCR move will likely be down - following a weak global economic outlook and reduced momentum in domestic spending.
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