Economists forecast a steady 5.50% OCR for the RBNZ’s upcoming meeting

A poll of economists in New Zealand:

  • Expect the RBNZ will keep the Official Cash Rate (OCR) steady at 5.50% during its upcoming meeting next week.
  • Additionally, the poll suggests that there will be no changes in interest rates until at least the end of March 2024.
  • The majority of economists anticipate a rate cut in the 2Q of 2024.

It is worth mentioning that money market rates currently indicate a 98% probability that the RBNZ will maintain the OCR at its meeting next week.

This article was written by Greg Michalowski at Source