Analysts at Westpac explained that they expect the Reserve Bank to hold the OCR at 1.75%, and to retain the neutral tone of the November statement.
“The RBNZ will take some comfort from the fact that inflation is finally back within the target range. But there are still some significant barriers to a further pickup in inflation from here. Rising mortgage rates and a stronger New Zealand dollar mean that financial conditions have already tightened by more than the RBNZ intended.”
“RBNZ Governor Wheeler’s term ends in September. A statement about whether he will stand for another term is expected soon.”
You may be interested
Coinbase Acquires Decentralized Crypto Trading Platform ParadexBrian Evans - May 24, 2018
Crypto industry giant Coinbase has acquired Paradex, a decentralized cryptocurrency trading relay platform that enables users to trade hundreds of ERC-20 tokens directly from their wallets. In…
Project Targets Fraud in Advertising With Performance-Driven Smart Contracts for CampaignsBrian Evans - May 24, 2018
A new smart contract is being created where publishers only get paid for campaigns if they meet targets set by their advertisers #SPONSORED
China Orders Blockchain Expedition In Central Government NoteBrian Evans - May 24, 2018
China's central administrative branch is ordering to speed up blockchain technology development in a highest level government order.