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Reuters
Reuters
Business
Praveen Menon

New Zealand central bank says cash rate decision to be released as usual

FILE PHOTO: Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray

New Zealand's Central Bank said on Wednesday that it would release its monetary policy statement as scheduled at 2 p.m. local time via normal channels despite new social distancing restriction enforced overnight.

The Reserve Bank of New Zealand (RBNZ) said a media conference would also proceed as planned at 3 p.m. local time, with strict social distancing measures on site.

RBNZ is widely expected to hold rates steady.

(Reporting by Praveen Menon; Editing by Sandra Maler)

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