- Inflation targets were missed, necessitating the maintenance of high interest rates by central banks.
- The Reserve Bank of New Zealand (RBNZ) is using the Official Cash Rate (OCR) hikes to bring inflation back to target.
NZIER's Monetary Policy Shadow Board provided input on the direction of the Official Cash Rate (OCR) policy.
2 reports, 2 independent
Updated Jul 8
Gone quiet
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
NZIER's Monetary Policy Shadow Board provided input on the direction of the Official Cash Rate (OCR) policy.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
-
Reserve Bank of New Zealand
central bank of New Zealand
Related events
- The Reserve Bank of New Zealand manages its monetary policy through the use of repo markets.
- ASB expects the Reserve Bank of New Zealand to raise the Official Cash Rate by 25 basis points.
- The Reserve Bank of New Zealand monitors national economic indicators closely.
- Westpac forecasts the Reserve Bank of New Zealand will raise the Official Cash Rate to 2.75 percent.
- The Reserve Bank of New Zealand is managing monetary policy, noting that geopolitical conflict in the Middle East is driving inflation above target range.