PHOTO: SUPPLIED – The entrance to the Reserve Bank’s headquarters in Wellington.
The Reserve Bank has left the official cash rate at 1.75 per cent, as expected by financial markets and economists.
Acting governor Grant Spencer said economic growth had weakened at the end of 2017, but this was mainly due to a dip in agricultural production.
“Growth is expected to strengthen,” Spencer said, boosted by low interest rates, strong export income, government spending and population growth.
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