Review of RBNZ: Waiting, Waiting, Waiting

As widely expected, the RBNZ held the OCR at 2.25%. The decision was unanimous, so no vote was required. The RBNZ’s revised OCR forecast signals the likelihood of policy tightening beginning late this year, rather than by mid-2027 as was forecast in November. The RBNZ’s activity outlook hasn’t been significantly lifted and is weaker in […]

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