NZIER shadow board recommends a 25bp October cut
Reserve Bank must ensure it doesn’t do anything to cause inflation to rebound, shadow board advises ahead of this week’s official cash rate review.
The Reserve Bank reviews the OCR again on Wednesday.
Most members of the New Zealand Institute of Economic Research’s monetary policy shadow board favour the Reserve Bank cutting the official cash rate by just 25 basis points on Wednesday.
There had been increasing speculation the cut should be as much as 50 basis points, following last month’s
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