RBNZ's Orr tipped to stand pat and could signal hikes might take even longer

Fri, 22 Jun 2018

By Rebecca Howard June 22 (BusinessDesk) - Reserve Bank governor Adrian Orr is expected to keep the official cash rate steady at next week's review and some economists say he could even hint rates will be on hold for longer than currently forecast. All 14 economists polled by Bloomberg expect the OCR to remain at a record low 1.75 percent next Thursday and the median still sees rates unchanged through the forecast horizon going out to the second quarter of 2019. The central bank has held the benchmark rate at 1.75 percent since Novem...

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