NZ central bank to hold rates again this week

New Zealand’s central bank is expected to keep its key interest rate at a record-low 2.5 per cent for a 14th straight meeting on Thursday because of low inflation, a strong currency and the prospect of a pick-up in rebuilding after last year’s earthquake.

All 16 analysts polled by Reuters expect the Reserve Bank of New Zealand (RBNZ) to keep its official cash rate (OCR) steady in the last rate review of the year, with the majority expecting the next move to be an increase in the second half of next year.

via Business feed http://www.scmp.com/business/economy/article/1096318/nz-central-bank-hold-rates-again-week