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Economists predict no change ahead of OCR update

Author
Newstalk ZB,
Publish Date
Tue, 21 May 2024, 8:42pm
Reserve Bank Governor Adrian Orr. (Photo / Mark Mitchell)
Reserve Bank Governor Adrian Orr. (Photo / Mark Mitchell)

Economists predict no change ahead of OCR update

Author
Newstalk ZB,
Publish Date
Tue, 21 May 2024, 8:42pm

All eyes are on the Reserve Bank, ahead of tomorrow's OCR update. 

The RBNZ is predicted to hold the cash rate steady at 5.5 percent - potentially marking a full year since the last rate change.

Infometrics principal economist Brad Olsen predicts the new forecast hasn't moved since February.

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