OECD sees limited scope for RBNZ rate cut this year

OECD said the persistence of inflationary pressures within New Zealand would limiting the flexibility for monetary policy easing this year. According to the 2024 Economic Surveys report, “Inflation is likely to be persistent,” thus constraining the scope for lowering the OCR in 2024. OECD recommends maintaining OCR at 5.5% until there is tangible evidence of […]

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