RBNZ: OCR to remain at 1.75% until late 2019 - Westpac
|Michael Gordon, Senior Economist at Westpac, expects the RBNZ OCR to remain at 1.75% until late 2019.
Key Quotes
“Recent developments have given the Reserve Bank little cause to change its stance. Low inflation means that interest rates will need to remain low for a considerable period.”
“The incoming RBNZ Governor is due to sign a new Policy Targets Agreement shortly. Employment will be a consideration in future OCR decisions, but the details have yet to be resolved.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.