RBNZ decision expected to be steady as she goes

The RBNZ is not expected to make any waves this week. (Image: Unsplash)

Mon, 08 Apr 2024

The Reserve Bank of New Zealand is widely expected to keep the official cash rate on hold at 5.5% and reiterate no change is on the immediate horizon.The Reserve Bank of NZ's (RBNZ) latest forecast from February indicated it expects the official cash rate (OCR) to remain on hold until early to mid-2025. While it said recent data gave it more confidence, it also said more work was needed to curb inflation.Annual inflation was 4.7% in the December quarter, while the RBNZ is mandated to keep it between 1% and 3%. 'Interesting things&#...

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