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Everyone wants to know when the RBNZ will cut the OCR
As we approach a year since the Reserve Bank (it was May 24, 2023), somewhat surprisingly, called a halt to its extremely bracing cycle of Official Cash Rate hikes, we can say with every confidence that the forthcoming OCR decision will be another 'hold'. There's been nothing since the last review in April to change the RBNZ's mind on keeping the OCR unchanged. But while it is the safest of safe bets that the OCR will remain on 5.5% after the latest review on Wednesday, May 22, there will be much interest and intrigue around what the central bank has to say in its new Monetary Policy Statement (MPS), the first one ... (full story)