976517049
TMM - News

OCR Preview Survey: OCR set to remain on hold

Monday 22nd of June 2020

According to TMM Online's OCR Preview Survey of leading economists, all forecasters say the OCR will remain at 0.25% on Wednesday. 

Amid the sharp economic downturn caused by Covid-19, the Reserve Bank has reiterated the OCR will not be changed until early next year. 

Economists do not expect a surprise on Wednesday, but say there are key messages to watch out for. 

Tony Alexander is keeping an eye on any comments "regarding the economic outlook, and if they have become marginally less pessimistic", while ANZ's Sharon Zollner is watching "the implicit impact on their forecasts of the earlier exit from lockdown than they had assumed".

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.