RBNZ's Orr to stand pat as he navigates growth-inflation tightrope

Fri, 03 Aug 2018

By Rebecca Howard Aug. 2 (BusinessDesk) - Reserve Bank governor Adrian Orr is widely expected to keep interest rates on hold at next week's review and continue to indicate the next move could be up or down as he walks a tightrope between slowing growth and emerging inflation. All 16 economists polled by Bloomberg expect the official cash rate to remain on hold at a record low 1.75 percent next Thursday and the median of 11 expect rates to lift to 2 percent by the third quarter of 2019. The central bank has been on hold since November...

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