Fresh data suggests economy still not firing on all cylinders nearly a year after first interest rate cut.
Underlying stickiness could result in need to raise OCR again to cool inflation.
Food prices the biggest driver of annual inflation, which eased to 6% in the year to June, according to Stats NZ data.
RBNZ left OCR unchanged for first time in 21 months, but some economists still pencil in more hikes.
OCR remains unchanged at 5.5%, with Monetary Policy Committee saying recent economic indicators suggest near-term growth likely to remain weak.
Quarterly survey of business opinion continues improvement from historic low but many still downbeat.
Long-term, focused investment is needed to shift the dial, Ganesh Nana says.
More investment needed to lift productivity, according to Productivity Commission's latest report.
RBNZ’s external committee member addresses economists today.
The Westpac McDermott Miller Employment Confidence Index fell by 3.9 points to 105.6 in the June quarter.