MR - Experts Views

Reserve Bank may hold off on raising OCR beyond mid-year

Friday 19th of March 2010

Goldman Sachs JB analyst Philip Borkin says he now expects the first RBNZ Official Cash Rate (OCR) hike to be in the third quarter and for the pace of tightening to be more gradual.

"We believe the RBNZ's new bank liquidity policy has delivered a proxy tightening, contributing to a slowing in housing market momentum.

"Potential changes to the regulatory and tax backdrop should als...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.