Orr signals he's comfortable with overshooting his inflation target
An OCR cut is becoming less likely.
Jenny Ruth
Thu, 08 Nov 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
The biggest change in the latest Reserve Bank forecasts are that it is now expecting near-term inflation to overshoot the middle of its 1-3% target but it has left its expected official cash rate (OCR) projections unchanged.
Reserve Bank governor Adrian Orr says he expects the OCR to remain at
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Jenny Ruth
Thu, 08 Nov 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
