WELLINGTON, Sept 22 New Zealand's central bank
held its benchmark interest rate at 2.0 percent on Thursday but
reiterated that further easing will be required.
Seventeen of 18 economists polled by Reuters had expected
the Reserve Bank of New Zealand (RBNZ) to remain on hold, while
one had forecast a 25 basis point rate cut.
"Monetary policy will continue to be accommodative. Our
current projections and assumptions indicate that further policy
easing will be required to ensure that future inflation settles
near the middle of the target range," said Governor Graeme
Wheeler in a statement.
(Reporting by Rebecca Howard)