---
title: Shadow Board overwhelmingly in favour of keeping the OCR on hold in April
description: Shadow Board overwhelmingly in favour of keeping the OCR on hold in April.
---

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

# [Shadow Board overwhelmingly in favour of keeping the OCR on hold in April](https://www.nzier.org.nz/news/shadow-board-overwhelmingly-in-favour-of-keeping-the-ocr-on-hold-in-april)

 Written by [The NZIER Team](https://www.nzier.org.nz/news/author/the-nzier-team) | April 07, 2024

The NZIER *Monetary Policy Shadow Board* recommends the Reserve Bank of New Zealand (RBNZ) keep the Official Cash Rate (OCR) at 5.50 percent in the upcoming Monetary Policy Review on 10 April 2024.

[View full post](https://www.nzier.org.nz/news/shadow-board-overwhelmingly-in-favour-of-keeping-the-ocr-on-hold-in-april)

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