An economist sees no clear reason to further cut the Official Cash Rate today
An economist sees no clear reason to further cut the Official Cash Rate today
24 June 2020
The Reserve Bank's about to confirm its latest review of the OCR - which is sitting at 0.25 percent.
NZIER's shadow board favours keeping it unchanged - and more quantitative easing through the purchase of government bonds.
NZIER principal economist Christina Leung says it would give more immediate certainty.
She says overall that would be a signal the government and Reserve Bank are working together to stimulate the economy and plot a recovery.
Economists will also be watching for any acknowledgement of the high-performing Kiwi dollar - and its negative effect on export values.
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