OCR rise tipped for second half of this year
The NZIER monetary policy shadow board says the RBNZ should start raising the OCR in the second half of this year.
In contrast. Kiwibank chief economist Jarrod Kerr says while the economy shows tentative signs of recovery, any talk of OCR hikes is way too early.
“Do we need rate hikes this year? It’s simply too early to know, with conviction. And the path of lest regret is to hold until next year,” he says.
The NZIER’s shadow board members views on where the OCR should...MORE»
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Predictions for next week's OCR announcement
OCR expected to be held at 2.25% at first review of the year.
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