No change on Wednesday but is the OCR headed up, down or sideways?

Sun, 10 Feb 2019

By Jenny Ruth Feb. 11 (BusinessDesk) - Reserve Bank governor Adrian Orr will probably acknowledge the increasing storm clouds on the horizon globally but nobody is expecting him to make any change to interest rate settings on Wednesday when he releases the latest monetary policy statement. All the attention will be on the tone of the statement and on any changes to the language from the last statement in November. Back then Orr expected to keep the official cash rate, at a record low 1.75 percent since November 2016, unchanged into 2020....

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