Latest publications / Shadow Board (3)

NZIER’s Shadow Board remains divided on where OCR should be

The 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 has widened since September. Shadow Board members, on average, still called for the OCR to be kept on hold, but there was an increas … Read more

NZIER’s Shadow Board divided on where OCR should be

There has been increased divergence in views amongst the NZIER Monetary Policy Shadow Board on what the OCR should be at the OCR Review this Wednesday. This widening in the range of views follows the Reserve Bank’s surprise decision to cut the OCR by 50 basis points at its August meet … Read more

NZIER’s Shadow Board sees stronger easing bias as appropriate

NZIER’s Monetary Policy Shadow Board have lowered their recommendation for the OCR but remained centred on a no-change decision for Wednesday. There was a wide range of views this time, and NZIER Shadow Board members distinguished between their views on what they think the Reserve Ban … Read more

NZIER’s Shadow Board adjusts OCR recommendation in the wake of cut

NZIER’s Monetary Policy Shadow Board has adjusted their recommendation in the wake of the Reserve Bank’s OCR cut in May. The NZIER Shadow Board recommends the Reserve Bank should leave the OCR on hold at the OCR Review on Wednesday. However, there have been mixed views as to whether t … Read more

NZIER’s Shadow Board still recommends the OCR be kept on hold

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. Read more

NZIER’s Shadow Board continues to recommend unchanged OCR

NZIER’s Monetary Policy Shadow Board continues to remain firmly of the view that the OCR should not be changed ahead of the Reserve Bank’s OCR Review on Wednesday. Read more

NZIER’s Shadow Board more certain that OCR should remain unchanged

NZIER’s Monetary Policy Shadow Board’s view on the Official Cash Rate (OCR) continues to be firmly on no change ahead of the Reserve Bank’s Monetary Policy Statement on Wednesday. Read more

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