Shadow board split over cutting official cash rate
But most of NZIER’s shadow board pick the OCR will sit between 3.5% and 4.5% a year from now.
The Reserve Bank reviews the official cash rate on Wednesday.
Bank economists are the most enthusiastic about cutting interest rates, while other economists favour a more ‘wait and see’ approach.
The New Zealand Institute of Economic Research’s shadow board is equally split over whether the Reserve Bank should cut the official cash rate by 50 basis
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