PREVIEW: RBNZ tipped to keep cash rate at 1.75%, reiterate next move could be up or down

Fri, 22 Mar 2019

By Rebecca Howard March 22 (BusinessDesk) - New Zealand's Reserve Bank is expected to keep rates on hold at 1.75 percent at next week's monetary policy review and reiterate the next move could be up or down. Economists, however, remain split on whether or not a cut is actually on the cards down the track. At its most recent review in February, the central bank said it expected to keep the official cash rate "at this level through 2019 and 2020. The direction of our next OCR move could be up or down." While economists expect the cen...

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