OCR Preview Survey: Economists predict first hike since 2014
TMM Online's latest OCR Preview Survey found that economists expect an increase of 25 basis points, but were far from certain of the outcome of the latest Monetary Policy Review.
All but one economists predicted a 25 basis point increase, but one in four said the RBNZ could go further with a 50 basis point increase.
Independent economist Tony Alexander was the only forecaster to tip a 50 basis point hike.
All of those surveyed said the OCR had troughed in this cycle, however Donal Curtin of Economics NZ said there could be more cuts following a "significant community outbreak" of Covid-19.
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