OCR to remain on hold: economists
TMM's latest OCR preview survey, conducted among leading NZ economists, reveals analysts unanimously believe the OCR will stay at its record low of 0.25%.
The central bank is tipped to cut interest rates to negative territory in the next six months in an effort to kickstart the economy after the Covid lockdown and subsequent turmoil.
But no changes are expected on Wednesday as the RBNZ focuses on other tools to boost the economy.
The central bank is poised to reveal its Funding for Lending Programme, which will provide cheaper funding for retail banks through the crisis.
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.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
