NZIER’s Shadow Board recommends no change under coronavirus cloud
February 10, 2020
There remains a wide range of views amongst the NZIER Policy Shadow Board on the appropriate level of the OCR at the Monetary Policy Statement (MPS) release on Wednesday. Although Shadow Board members acknowledged the positive developments in the New Zealand economy, the recent coronavirus outbreak has introduced further uncertainty over the global growth outlook. Overall, Shadow Board members still called for the OCR to be kept on hold.