Cheap oil may spur RBNZ to rethink flat OCR

Fri, 22 Jan 2016

By Paul McBeth Jan. 22 (BusinessDesk) - The global oil glut depressing consumer prices around the world may prompt the Reserve Bank to rethink its flat outlook for the official cash rate this year, but economists don't think it will signal its intentions at next week's regular update. RBNZ governor Graeme Wheeler will keep the OCR at 2.5 percent next Thursday ahead of his first public speech of the year on Feb. 3 in Christchurch, according to a Reuters poll of 15 economists. Last month, Wheeler said he was done with cutting rates on the e...

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