RBNZ Chief Economist: Expect to hold the OCR at current level until March 2021
|The Reserve Bank of New Zealand's Chief Economist Yuong Ha has said that they expect to hold the OCR at the current level until March 2021.
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Key comments
Banks to be the solution to the problem.
Banks are healthy.
We are talking about negative wholesales rates, not retail rates.
A negative OCR could evolve.
But for now, the market loves Kiwi and it looks set to stay that way for a while, especially while the mood is still good. 0.6170 beckons again.
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