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NZIER reports: Regarding where the OCR should be in a year’s time, the Shadow Board’s core view ranged from 4.50 percent to 5.75 percent and centred on an OCR of 5.50 percent – a shift from 5.25 percent in the August NZIER Shadow Board. There was an increased view amongst members that another increase in
There is a 'but' though, some thought a +25bp rate hike would be appropriate due to sticky inflation.
The latest recommendations from the most Shadow Board members of the New Zealand Institute of Economic Research (NZIER), published early Monday in Auc
While the Reserve Bank's widely expected to keep the Official Cash Rate unchanged this week, some experts on NZIER's 'Shadow Board' think higher rates are needed
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