TMM - News

Reserve Bank stuns economists with OCR cut prediction

Wednesday 27th of March 2019

The central bank abandoned its neutral stance and adopted a downside view as it kept the OCR at 1.75% today. The RBNZ made clear the next change is more likely to be a cut than a hike, pointing to a "weaker global outlook" and "reduced momentum in domestic spending". It said dovish recent statements from global central banks had put upwards pressure on the Kiwi Dollar.

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