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RBNZ's Adrian Orr tipped to stand pat and could signal hikes might take even longer
Reserve Bank governor Adrian Orr is expected to keep the official cash rate steady at next week's review and some economists say he could even hint rates will be on hold for longer than currently forecast. All 14 economists polled by Bloomberg expect the OCR to remain at a record low 1.75 per cent on Thursday and the median still sees rates unchanged through the forecast horizon going out to the second quarter of 2019. The central bank has held the benchmark rate at 1.75 per cent since November 2016 and at its latest review in May said it will remain at that level for some time to come. Its forecasts show the OCR ... (full story)
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