The Reserve Bank of New Zealand meeting announcement is scheduled for 2100GMT on 27 April 2016
- The New Zealand Institute of Economic Research (NZIER) has a Monetary Policy "Shadow Board"
- It recommends the RBNZ hold rates unchanged at this meeting
Says the NZIER:
- "The Reserve Bank surprised many by cutting the OCR by 25 basis points at the March meeting. Inflation remains very low, in contrast to the continued lift in house prices. Indeed, the strengthening in house prices is broadening beyond Auckland"
- "The Shadow Board sees balanced risks to the current level of interest rates. Continued low inflation and the recent rebound in the New Zealand dollar would suggest the need for lower interest rates, but the Reserve Bank will be concerned with the increased financial stability risks from strong house price inflation. As such, the Shadow Board sees a 2.25% OCR as the most appropriate setting for interest rates."
The entire NZIER release can be accessed free, here
