RBNZ keeps rates unchanged at 1.75%

The Reserve Bank of New Zealand (RBNZ) said that it would leave the official cash rate unchanged at 1.75% in a decision that was widely expected, stating that monetary policy will remain accommodative for a considerable period.

A press conference will be held by the RBNZ's governor Graeme Wheeler at 22:00 GMT.

Key headlines (via Reuters):

Numerous uncertainties remain and policy may need to adjust accordingly
Longer-term inflation expectations remain well-anchored at around 2 percent
Says expects future headline inflation to reach the midpoint of the target band over medium-term

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RBNZ keeps rates unchanged at 1.75%

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New Zealand RBNZ Interest Rate Decision in line with expectations (1.75%)