Free Trial

NZIER's Monetary Policy Shadow Board....>

NEW ZEALAND
NEW ZEALAND: NZIER's Monetary Policy Shadow Board continues to see little need
to change the Official Cash Rate (OCR) ahead of the Reserve Bank's Monetary
Policy Statement on Thursday.
- "Although inflation pressures are rising, this largely reflects an increase in
costs for businesses. Businesses remain downbeat, clouded by continued
uncertainty over the effects of new Government policies. Deteriorating
profitability means businesses have become more cautious, and there remains
little urgency for the OCR to increase" said Christina Leung, Principal
Economist at NZIER.
- "The recommendation remains firmly centred on no change to the OCR, but with a
slightly higher tightening bias. With inflation pressures rising here and
globally, there is general agreement amongst the Shadow Board that interest
rates will have to go up eventually."
- Full piece:
https://nzier.org.nz/publication/nziers-shadow-board-believes-current-conditions
-warrant-no-change-in-ocr
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.