The Reserve Bank will watch, worry and wait

RBNZ governor Adrian Orr may keep his powder dry. (Image: BusinessDesk).

Mon, 14 Aug 2023

The official cash rate is expected to remain at 5.5% on Wednesday and the Reserve Bank is widely expected to keep on watching, worrying and waiting. “We expect the RBNZ will see enough easing in inflation pressures to remain on hold and reiterate similar messages to July,” said ANZ Bank economists.In July, the RBNZ kept the official cash rate on hold and reiterated it will remain at a restrictive level for “some time”. The July rate review did not include forecasts.The ANZ economists noted the latest forecasts...

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