PREVIEW: RBNZ to keep rates on hold, reiterate next move could be up or down

Mon, 24 Sep 2018

By Rebecca Howard Sept. 24 (BusinessDesk) - The Reserve Bank is expected to keep rates on hold Thursday and reiterate that cut are still on the table despite recent strong economic data. All 19 economists polled by Bloomberg expect the official cash rate to remain on hold at a record low 1.75 percent. Only three of 11 expect rates to lift to 2 percent by the third quarter of 2019. The remainder see them on hold. At the August rate review, the central bank kept the OCR at 1.75 percent and pushed out the timing of the first rate hike, c...

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