NZIER's shadow monetary policy board thinks the Reserve Bank should leave the official cash rate unchanged at 3.5 per cent tomorrow but sees a cut as the next best option. The shadow board is a panel of nine economists or business leaders asked to share out 100 points across possible OCR rates to indicate what they believe is the most appropriate. Altogether there is 62 per cent support for an on-hold decision, 34 per cent for a lower OCR and only 5 per cent for a higher one. This represent a higher "easing bias" than in the March survey. '"Economic activity is robust with recent indicators suggesting the economy is ... (full story)