Reserve Bank keeps official cash rate on holdMAARTEN HOLL/FAIRFAX NZ The official cash rate is set in stone for now. The Reserve Bank has surprised no-one by leaving the official cash rate on hold at 1.75pc, while cautioning a lull in house price rises could be temporary. The Reserve Bank said monetary policy would remain "accommodative" for "a considerable period". It also warned there was a risk of a resurgence in house price rises "given the on-going imbalance between supply and demand". The Reserve Bank itself was "some way away from embracing that mind-set", it said.

Source: Stuff June 21, 2017 21:01 UTC