RBNZ raises OCR to 3.5 percent

Statement issued by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today increased the Official Cash Rate (OCR) by 25 basis points to 3.5 percent. New Zealand’s economy is expected to grow at an annual pace of 3.7 percent over 2014. Global financial conditions remain very accommodative…

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RBNZ raises OCR to 3.5 percent

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