Shadow Board is divided over whether the Reserve Bank should increase the OCR in May
May 22, 2023
New Zealand Institute of Economic Research (Inc) Media release For release 10 am Monday, 22 May 2023 Read more
Shadow Board recommends a smaller OCR increase of 25 basis points by the Reserve Bank in April
April 3, 2023
Shadow Board members recommend a smaller hike in the Official Cash Rate (OCR) in the Reserve Bank’s upcoming April Monetary Policy Review. The majority view was an OCR increase of 25 basis points, given inflation pressures are still high in the economy and inflation expectations remai … Read more
Shadow Board recommends the Reserve Bank increases the OCR by 50 basis points in February
February 20, 2023
Shadow Board members recommend that the Reserve Bank continue increasing the Official Cash Rate (OCR). The broad view was a 50 basis-points increase in the OCR at the Reserve Bank’s February meeting, given inflation pressures in the New Zealand economy remain strong. Only one member r … Read more
Shadow Board recommends another large OCR hike in November to reduce domestic inflation pressures
November 21, 2022
Shadow Board members recommend another 50 basis points increase in October and further tightening necessary
October 3, 2022
New Zealand Institute of Economic Research (Inc) Media release Read more
Shadow Board recommends the Reserve Bank hikes the OCR by 50 basis points in August and follow up with further tightening
August 15, 2022
New Zealand Institute of Economic Research (Inc) Media release For release 10 am Monday, 15 August 2022 There was a range of views amongst the Shadow Board members on what the Reserve Bank of New Zealand should do with the Official Cash Rate (OCR) over the coming year. However, the ma … Read more
Shadow Board members recommend the Reserve Bank gets on with OCR increases
July 11, 2022
The widely held view amongst the Shadow Board is that the Reserve Bank of New Zealand should increase the Official Cash Rate (OCR) by 50bp at the upcoming meeting in July. Only one member from the business community was divided on whether such a large hike was necessary at the next me … Read more
Shadow Board members differ in views on the extent of interest rate increases
May 23, 2022
New Zealand Institute of Economic Research (Inc) Media release For release 10 am Monday, 23 May 2022 There is a wide range of views within the Shadow Board over how much the Reserve Bank should increase interest rates, particularly for the coming year. The majority view amongst Shadow … Read more
Shadow Board is divided over whether the RBNZ should hike by 50bp
April 11, 2022
The Shadow Board is sharply divided over how much the Reserve Bank should increase the Official Cash Rate (OCR) at the April meeting, with views split over whether the OCR should increase by 25 or 50 basis points. The surge in inflation pressures has led to growing calls for the Reser … Read more
Shadow Board calls for substantial tightening over the coming year
February 21, 2022
The Shadow Board is calling for a sharp increase in the official cash rate (OCR) over the coming year in the face of intensifying inflation pressures. Read more