NZIER Shadow Board indicates no change necessary on OCR, 6 March 2012
06 March 2012
The aggregated view of the NZIER Shadow Board is that the current interest rate setting of 2.50 percent is most appropriate. But the Board places some weight on lower interest rates.
The newly formed NZIER Shadow Board recommends interest rate settings ahead of each decision by the Governor of the Reserve Bank of New Zealand. This Board spans a diverse set of expert opinion across senior bank economists, business leaders and academic economists. The Shadow Board is independent from the Reserve Bank of New Zealand.