NZIER Shadow Board recommends RBNZ to keep OCR unchanged at 5.5% in August

The latest recommendations from the most Shadow Board members of the New Zealand Institute of Economic Research (NZIER), published early Monday in Auckland, state that the Reserve Bank of New Zealand (RBNZ) should leave the Official Cash Rate (OCR) unchanged at 5.50% when it meets this Wednesday for its monetary policy decision.

More to come..