Reserve Bank of New Zealand Governor Christian Hawkesby will provide brief remarks at the Financial Services Council’s annual conference:
- says the central projection for the OCR is to fall to around 2.50% by the end of the year
- but that could occur faster or slower depending on how the economic recovery evolves
- RBNZ faces a test of trust and confidence in "us as an organisation"
- speed of New Zealand’s economic recovery will influence the future path of the Bank's cash rate (OCR)
