Reserve Bank lets well alone

Yes, there's been no change to the Official Cash Rate at this morning's review.

Wednesday, July 5th 2000, 12:00AM

by Paul McBeth

Yes, there’s been no change to the Official Cash Rate today.

The Reserve Bank announced at 9am this morning that the OCR would remain at 6.5 per cent. It gave no further explanation but said that the next review would be on August 16, together with the release of its August Monetary Policy Statement.

Paul is a staff writer for Good Returns based in Wellington.

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