NZIER says RBNZ cash rate should remain on hold this week
The Reserve Bank of New Zealand monetary policy meeting is this week (announcement due June 26 at 0200GMT).
New Zealand Institute of Economic Research (NZIER) 'Shadow Board' recommends the Reserve Bank should leave the OCR on hold at the OCR Review
Please note, the NZIER's Monetary Policy Shadow Board is independent of the Reserve Bank of New Zealand
- Participants show where they think interest rates should be, not what they believe will happen.
Shadow Board has an easing bias
- some data has suggested economic activity slowed over the first half of 2019
And one for the 'stop cutting' crew:
- there are mixed views on the efficacy of any further easing in monetary policy
RBNZ Gov Adrian Orr