Watch for a careful, muted shift in Reserve Bank stance
Almost no one believes the Reserve Bank will cut the OCR further – or that there will be no change until 2019.
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Hawke’s Bay
The Reserve Bank can be expected to keep the official cash rate at 1.75% at its latest review this Thursday.
Watch, though, for something of a shift in the economic outlook.
That shift will not be negative – far from it. But the monetary policy statement that will accompany the OCR decision
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Watch for a careful, muted shift in Reserve Bank stance
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