---
title: Shadow Board recommends no change to the OCR in July
description: Most Shadow Board members recommend the Reserve Bank should keep the Official Cash Rate (OCR) at 5.50 percent in the upcoming July Monetary Policy Review.
---

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# [Shadow Board recommends no change to the OCR in July](https://www.nzier.org.nz/news/shadow-board-recommends-no-change-to-the-ocr-in-july)

 Written by [The NZIER Team](https://www.nzier.org.nz/news/author/the-nzier-team) | July 09, 2023

Most Shadow Board members recommend the Reserve Bank should keep the Official Cash Rate (OCR) at 5.50 percent in the upcoming July Monetary Policy Review. 

[View full post](https://www.nzier.org.nz/news/shadow-board-recommends-no-change-to-the-ocr-in-july)

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