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:
recommends the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by another 50 basis points to 3.75%Citing:
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Reserve Bank of New Zealand (RBNZ) expected to cut reduce interest rates by 50bp on Feb 19Reserve Bank of New Zealand preview - likely the final 50bp interest rate cutThe Reserve Bank of New Zealand (RBNZ) meeting is on February 19. The statement is due at 2pm NZ time:
0100 GMT2000 US Eastern time This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about nzier rbnz shadow board recommends ocr cut by 50bp on february 19 was published today ( ) and is available on forex 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.
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