The Reserve Bank of New Zealand February 2020 monetary policy announcement is due on the 12th
A threefer:
- announcement
- Monetary Policy Statement
- Media conference
Due at 0100GMT on 12 February
The New Zealand Institute of Economic Research gather together a "Shadow Board"
- Shadow Board is independent of the Reserve Bank of New Zealand
- Participants show where they think interest rates should be, not what they believe will happen.
For this meeting the Shadow Board recommends the Reserve Bank remains on hold
- but with a tightening bias in the wake of the OCR cut last November
"Annual inflation has edged back up to within the Reserve Bank's 1 to 3 percent target band, and there is solid momentum in the New Zealand economy. The Shadow Board sees very little need for further easing." said Christina Leung, Senior Economist at NZIER.
