26 May 2021

Reserve Bank holds OCR at 0.25 percent

From Checkpoint, 5:32 pm on 26 May 2021

The Reserve Bank is keeping the economic ship steady, holding the Official Cash Rate at record low levels and carrying on its bond buying and cheap lending programmes.

But for the second time in a week, a prediction house price growth will stall - soon.

Governor Adrian Orr says the economic recovery - domestically and globally - is continuing, but the single biggest factor holding that in the balance is Covid-19.

Jordan Bond reports.