Orr's style, employment mandate add interest to next week's 'on-hold' statement from RBNZ

Fri, 04 May 2018

By Rebecca Howard May 4 (BusinessDesk) - The Reserve Bank is widely expected to keep rates on hold at 1.75 percent next Thursday but a few elements will shake things up, including the performance of the new governor and a new mandate to focus on employment. While all 15 economists in a Bloomberg survey expect the official cash rate to be kept at a record low in next week's monetary policy statement, they will be reading the MPS for any changes at the margin and scrutinising new Governor Adrian Orr's views and plans, in particular after a...

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