NZIER’s Shadow Board sees little need to change OCR outlook

20 March 2018

NZIER’s Monetary Policy Shadow Board largely kept unchanged its views on what the Reserve Bank should do with the Official Cash Rate. The Shadow Board continues to recommend the OCR be left on hold this Thursday at 1.75 percent. With signs inflation remains contained, Board members continued to see no urgency for the Reserve Bank to start tightening monetary policy.

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