NZIER’s Shadow Board recommends no OCR move amid uncertainty over new Government policies

07 November 2017

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. Uncertainty over policies to be implemented by the new Government, and the effects of these on businesses and the housing market, were highlighted by the Shadow Board as reasons why a wait-and-see approach was prudent. Read the full release here.