TMM - News

OCR on hold: economists predict August cut

Wednesday 26th of June 2019

The Reserve Bank's Monetary Policy Committee, led by Governor Adrian Orr, decided to keep its powder dry for now, but admitted a "lower OCR may be needed" due to weak growth here and overseas.

Weak domestic growth, construction activity, and softer house prices were key concerns, the Reserve Bank said. 

In meeting notes outlining their decision, the MPC said t...

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.