The New Zealand Institute of Economic Research (NZIER) runs a 'shadow board' of analysts. The Shadow Board is independent of the RBNZ and does not represent what the RBNZ is going to do but rather what their view is that the RBNZ should do. That is, the Shadows do not preview what they think will happen, but what they think should happen.From their report, in brief:Most Shadow Board members recommended that the Reserve Bank of New Zealand (RBNZ) keep the Official Cash Rate (OCR) at 5.50 percent in the upcoming Monetary Policy Review on 10 July 2024. The weaker growth and a slack labour market, along with the continued easing in annual CPI inflation, suggest that the OCR increases to date are
Hence then, the article about new zealand rbnz shadow board recommends the reserve bank keeps ocr at 5 5 on wednesday was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( New Zealand - RBNZ shadow board recommends the Reserve Bank keeps OCR at 5.5% on Wednesday )