Textile & Apparel
Textiles
New Zealand reduces OCR to 5.25% as inflation returns to target range
Aug 14, 2024
Insights
- New Zealand's inflation is gradually returning to the 1-3 per cent target band, prompting a reduction in the OCR to 5.25 per cent.
- With economic growth below trend and declining global inflation, the Reserve Bank of New Zealand expects consumer price inflation to stay near the target mid-point.
- Further easing will depend on stable expectations.