RBNZ's Spencer tipped to stand pat in final review next week, repeat same message

Fri, 16 Mar 2018

By Rebecca Howard March 16 (BusinessDesk) - Economists see no prospect of acting Reserve Bank governor Grant Spencer lifting the official cash rate in his final review next week and do not expect him to deviate from the line that rates are on hold for the foreseeable future given the lack of inflation. All 13 economists polled by Bloomberg expect the OCR to stay at a record low 1.75 percent next Thursday. While a few see the risk of a rate hike this year, the median is for the bank to stay on hold until at least 2019. In February, the...

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