RBNZ: OCR to remain at 1.75% - TDS

RBNZ OCR Reviews tend to be 4-5 paragraphs confirming that conditions are “unfolding as expected”, although under Adrian Orr Governorship this is not guaranteed, suggests the research team at TDS.

Key Quotes

“We expect the OCR to remain at 1.75% (as does unanimous consensus), the Governor to muse up front that the next move could be “up or down” as per the May policy assessment, and confirm that “this level” will remain for a “considerable period of time”. Be aware, however, that Orr may not just tweak one word or two, he could possibly re-write the whole thing.”