Reserve Bank delivers rate cut as expected
The Reserve Bank has decided to cut the Official Cash Rate by 25 basis points to 5.25% Speaking at the release of the Reserve Bank's June 2003 Monetary Policy Statement, Reserve Bank Governor Alan Bollard said "Reducing the OCR is an appropriate response to a softening in inflation pressures and provides some protection for the economy against downside influences.
Thursday, June 5th 2003, 7:56PM
by The Landlord
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