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Milford Asset Management expert 'unsurprised' the Reserve Bank left OCR alone ahead of election

Author
Newstalk ZB,
Publish Date
Wed, 4 Oct 2023, 8:07pm
Photo / Mark Mitchell
Photo / Mark Mitchell

Milford Asset Management expert 'unsurprised' the Reserve Bank left OCR alone ahead of election

Author
Newstalk ZB,
Publish Date
Wed, 4 Oct 2023, 8:07pm

Little surprise the Official Cash Rate remains unchanged- for the time being.

The Reserve Bank has today held the OCR at 5.5 percent, claiming interest rates are constraining economic activity as required.

Milford Asset Management's Katlyn Parker says there's a lot of uncertainty around this point in the election campaign, and the RBNZ will be waiting for a change.

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