RBNZ Preview: Forecasts from six major banks, OCR on ice at 5.50% RBNZ InterestRate NZDUSD NewZealand Banks
by the economists and researchers of six major banks.
The RBNZ is expected to keep the key Official Cash Rate steady at 5.50%. At the last meeting, the bank also kept rates steady and was the first hold since theWe expect the RBNZ will leave the OCR unchanged at 5.50%, reiterating their ‘watch, worry and wait’ stance. Data since the July nothing-to-see-here Monetary Policy Review has been mixed, with relatively resilient demand but inflation indicators falling according to the script – an attractive mix, but one of questionable sustainability.
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