NZIER’s Shadow Board recommends keeping the OCR on hold amidst a soft inflation environment and uncertainty over the new Government

07 February 2018

NZIER’s Monetary Policy Shadow Board continues to recommend the Reserve Bank leave the Official Cash Rate on hold this Thursday at 1.75 percent. Businesses are pessimistic about the effects of new Government policies. Along with softer than expected inflation, Board members indicated the Reserve Bank should remain cautious as to when it starts to lift the OCR.

Link to release.

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