Shadow monetary policy board says current OCR is good for now

Jan 26, 2016

On Tuesday the New Zealand Institute of Economic Research's (NZIER) monetary policy shadow board released a survey showing the recommended benchmark interest rate was 2.5 per cent. The Reserve Bank releases its first review of the OCR for 2016 on Thursday. Arthur Grimes is part of the Board and his comments can be found at stuff.co.nz.

NZIER’s Monetary Policy Shadow Board is independent of the Reserve Bank of New Zealand. Individuals’ views are their own, not those of their respective organisations.