Bank Products News
New Zealand's Central Bank Plays Its Hand With That Typical Kiwi Reserve
Tuesday June 19, 2007
THE recent lift by the Reserve Bank of New Zealand of its official cash interest rate (OCR) to a record 8 per cent highlights the fact that even in a world where most central banks now adopt broadly the same policy framework, their individual styles of monetary management, and the particular rules under which they operate, can make a big difference.