Economists unanimous on next OCR move

Midway from the last OCR review, for once economists are unanimous in expecting no change: all 11 economists Good Returns surveyed are of this view.

"Economic indicators have generally improved across the board so there's not much need to cut rates further for the time being and it's far too early to be worried about inflation," says Chris Worthington at Infometrics.

Jane Turner at ASB Bank says since Bollard last reviewed the OCR on June 11, when he left it unchanged at 2.5% after cutting it from 8.25% since July last year, there haven't been any big surprises in the economic data.

Bollard has said he intends to keep the OCR at or below current levels through to late 2010.