RBNZ seen keeping rates on hold but signalling more cuts to come

Sun, 23 Jun 2019

By Rebecca Howard June 24 (BusinessDesk) - The Reserve Bank of New Zealand is expected to keep rates on hold at Wednesday’s review but will signal further cuts are possible. All 20 economists surveyed by Bloomberg expect the official cash rate to stay at 1.5 percent but 11 expect a 25 basis point rate cut at the Aug. 7 monetary policy review. The central bank is due to publish the rate decision and a short statement at 2pm Wednesday. “We expect the RBNZ to hold the OCR at 1.5 percent in June, but to acknowledge the risk profile and s...

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