The Reserve Bank is tipped to wait two years before changing the Official Cash Rate
The Reserve Bank is tipped to wait two years before changing the Official Cash Rate
23 February 2021
It's making an announcement at 2pm, along with a Monetary Policy Statement.
ANZ chief economist, Sharon Zollner, says the central bank's using unconventional tools like buying bonds, quantitative easing, and funding for lending, which are a lot easier to get into, than get out of.
She says they complicate things and lengthen the amount of time the Reserve Bank takes to change the OCR.
Zollner says it will be thinking about early 2023, but probably isn't willing to put a date on it.
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