Comfortable for now

Key highlights RBNZ leaves OCR unchanged at 2.5%, current level appropriate for “some time”. RBNZ slightly more confident on underlying economic outlook; still comfortable with inflation outlook. We expect OCR to remain at 2.5% until March 2012.     Report prepared by: Jane Turner ASB Economist Phone: +64 9 374 8185 Fax: +64 9 302 0992