RBNZ OCR review unlikely to show change from June MPS as euro woes linger

Sun, 22 Jul 2012

By Jonathan Underhill July 23 (BusinessDesk) - The Reserve Bank is unlikely to signal any change from its assessment of monetary conditions when it reviews interest rates this week, with as much global uncertainty as there was a month ago and not enough momentum in the local economy to require a change. The central bank will keep the official cash rate at 2.5 percent on Thursday, according to all 15 economists in a Reuters survey. Since the June 14 Monetary Policy Statement figures have shown annual inflation eased to the bottom of the centr...

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