Coronavirus to keep RBNZ watching and waiting

Coronavirus to keep RBNZ watching and waiting
Rebecca Howard
The unfolding coronavirus crisis may stop the Reserve Bank from shifting away from its easing bias, but economists don’t expect any change in the official cash rate on Wednesday.In a Reuters poll, all 12 economists expect the central bank's monetary policy committee to hold the OCR at a record low 1 percent.Most, however, had expected a more neutral stance against a backdrop of improving economic data, including rising house price inflation, solid jobs numbers, growing inflationary pressures and stronger-than-expected economic growth, as well a...

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