The New Zealand Institute of Economic Research Monetary Policy Shadow Board report ahead of this week's Reserve Bank of New Zealand meeting.
- Fewer Board members this quarter consider further monetary policy stimulus is appropriate, particularly when it comes to introducing a negative OCR.
- While there was support for an expansion of the Reserve Bank's Large-Scale Asset Purchases (LSAP) programme over the coming year, this stimulus was considered more appropriate beyond the upcoming meeting.
The full report is for NZIER subscribers but a brief release is available here for more.
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RBNZ announcement (and news conference):
- Wednesday 12 August at 0200GMT
