The NZIER monetary policy shadow board is recommending the official cash rate stay unchanged at 1.75 per cent
The NZIER monetary policy shadow board is recommending the official cash rate stay unchanged at 1.75 per cent
27 March 2019
The Reserve Bank will announce the OCR at 2PM.
Principal economist Christina Leung says the board is recommending caution about when it starts to lift interest rates.
She says the board had mixed views on the balance of risks - some saw increased downside risks to the rate, while others saw reduced risks.
Leung says those downside risks are similar to in February: trade tensions between the US and China, and Brexit.
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