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Reserve Bank announcement signals market shift - experts

Author
Newstalk ZB,
Publish Date
Wed, 10 Jul 2024, 8:58pm
Reserve Bank Governor Adrian Orr. Photo / File
Reserve Bank Governor Adrian Orr. Photo / File

Reserve Bank announcement signals market shift - experts

Author
Newstalk ZB,
Publish Date
Wed, 10 Jul 2024, 8:58pm

The Reserve Bank's decision to leave the OCR in place was in line with expectations - but their tone caught markets by surprise.

The Bank indicated inflation could return to the one-to-three percent threshold by the end of the year, and cuts could be coming sooner than predicted.

Milford Asset Management's Katlyn Parker explains further.

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