---
title: NZIER’s Shadow Board still recommends the OCR be kept on hold
description: NZIER’s Monetary Policy Shadow Board continues to remain of the view that the OCR should not be changed at the Reserve Bank’s Monetary Policy Statement on Wednesday.
---

[Latest News ](https://www.nzier.org.nz/news)

# [NZIER’s Shadow Board still recommends the OCR be kept on hold](https://www.nzier.org.nz/news/nziers-shadow-board-still-recommends-the-ocr-be-kept-on-hold)

 Written by [The NZIER Team](https://www.nzier.org.nz/news/author/the-nzier-team) | May 05, 2019

NZIER’s Monetary Policy Shadow Board continues to remain of the view that the OCR should not be changed at the Reserve Bank’s Monetary Policy Statement on Wednesday. However, there has been an increase in easing bias relative to the previous OCR decision.

[View full post](https://www.nzier.org.nz/news/nziers-shadow-board-still-recommends-the-ocr-be-kept-on-hold)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "The NZIER Team"
  },
  "dateModified" : "2021-12-21T01:17:40.064Z",
  "datePublished" : "2019-05-05T22:00:00Z",
  "headline" : "NZIER’s Shadow Board still recommends the OCR be kept on hold",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1436,
    "url" : "https://f.hubspotusercontent30.net/hubfs/20712581/Public%20Publications/Images/Shadow%20Board.jpg",
    "width" : 2089
  },
  "mainEntityOfPage" : "https://www.nzier.org.nz/news/nziers-shadow-board-still-recommends-the-ocr-be-kept-on-hold",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Latest News"
  }
}
```