The OCR currently sits at its record low of 1.75 percent where it has been since November 2016. Photo: Lynn Grieveson

Jenny Ruth

Jenny Ruth is a BusinessDesk journalist who has worked for AAP, the New Zealand Herald and National Business Review.

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RBNZ pushes out the likely date of next OCR move to 2021

Reserve Bank governor Adrian Orr has held his official cash rate steady, as expected, and essentially repeated the language from his last review in November, saying he expects to hold it where it is through 2019 and 2020 and that the next move could be either up or down.

The OCR currently sits at its record low of 1.75 percent where it has been since November 2016.

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