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General Business
2 mins to read
2

Market outlook: Why the Reserve Bank has changed its tune

Analyst Greg Smith describes how it will affect the markets and the economy.

Sanjay Prakash Fri, 29 Mar 2019

Analysts were surprised last week when Reserve Bank governor Adrian Orr said that, due to a weaker global outlook and reduced momentum in domestic spending, the next OCR movement may be down.

Previous guidance provided by the Reserve Bank suggested that the OCR was unlikely to change until 2021

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Sanjay Prakash Fri, 29 Mar 2019
Contact the Writer: Sanjay@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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