RBNZ: OCR to remain at 1.75% until late 2019 - Westpac

Michael Gordon, Senior Economist at Westpac, expects the RBNZ OCR to remain at 1.75% until late 2019.

Key Quotes

“Recent developments have given the Reserve Bank little cause to change its stance. Low inflation means that interest rates will need to remain low for a considerable period.”

“The incoming RBNZ Governor is due to sign a new Policy Targets Agreement shortly. Employment will be a consideration in future OCR decisions, but the details have yet to be resolved.”