New Zealand holds official cash rate at 2.25 pct as inflation set to ease
WELLINGTON, Feb. 18 (Xinhua) -- New Zealand's central bank kept its official cash rate (OCR) unchanged at 2.25 percent on Wednesday, saying inflation is expected to return to target as the economy is "at an early stage in its recovery."
The Reserve Bank New Zealand's (RBNZ) Monetary Policy Committee said in a statement that annual consumer price inflation remained slightly above its 1 to 3 percent target band at