Economists’ tune changes to keeping the OCR on hold next week
Keeping the cash rate at 2.25% will be an easy decision for the RBNZ at its OCR meeting next week, Kelly Eckhold, Westpac chief economist says.
Much has changed over the past six weeks and while three RBNZ Monetary Policy Committee members had voted for a rate hike in May, he thinks the “on hold” decision may well be reached by consensus.
While Eckhold called for an OCR increase at the RBNZ’s May meeting, he now says there seems much to be gained from waiting to see the outcome of the June quarter CPI.
“Certainly,...MORE»
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