RBNZ Preview: Changing the words to stay pat on OCR for longer

RBNZ Preview: Changing the words to stay pat on OCR for longer

The Reserve Bank of New Zealand (RBNZ) is expected to keep the Official Cash Rate (OCR) unchanged in June based on the outlook for more gradual inflation and GDP increase compared to previous estimates.

With quarterly inflation at 1.1% in March quarter, just one-tenth of a percent above the targe…

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