The New Zealand Institute of Economic Research have a set of analysts to make up their' shadow' monetary policy board.

From the NZIER:

  • Shadow Board is independent of the Reserve Bank of New Zealand
  • participants ... indicate what they believe is the most appropriate Official Cash Rate setting for the economy … where they think interest rates should be, not what they believe will happen

For the upcoming policy announcement from the Reserve Bank of New Zealand:

  • The range of views amongst the NZIER Policy Shadow Board on the appropriate level of the OCR at the Monetary Policy Statement (MPS) release on Wednesday has widened since September.
  • Shadow Board members, on average, still called for the OCR to be kept on hold
  • but there was an increased skew towards a higher OCR
  • Recent data has been mixed

RBNZ decision due 13 November:

  • OCR announcement
  • Monetary Policy Statement
  • media conference