Economists say no-change OCR comes as no surprise

Economists say no-change OCR comes as no surprise
(Image: Getty)
Ella Somers
The Reserve Bank of New Zealand’s decision to keep the official cash rate on hold at 5.5% came as little surprise to most economists, but it did raise questions about what the future holds as the central bank offered little in the way of forward guidance. “Interest rates are constraining economic activity and reducing inflationary pressure as required,” the monetary policy committee said. But it added that rates may have to remain higher for longer.'Still open'“Overall, we’d tee up the October rev...

More Economy

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Trump trade war could push cash rate lower
Economy

Trump trade war could push cash rate lower

The monetary policy decision is on April 9. 

Rebecca Howard 31 Mar 2025
US tariffs will ‘squeeze, not choke, growth’
Economy

US tariffs will ‘squeeze, not choke, growth’

Uncertainty and weak domestic demand delay NZ’s recovery

Rebecca Howard 26 Mar 2025
How US fees on Chinese vessels could impact NZ
Economy

How US fees on Chinese vessels could impact NZ

The plan aims to counter China's global shipbuilding dominance.

John Anthony 24 Mar 2025