Analysts say the next move is certain as RBNZ cuts OCR again
- Thursday, 23 July 2015
Analysts' forecasts for the future direction of monetary policy are unaltered in the wake of the July 23 decision by the Reserve Bank of New Zealand (RBNZ) to reduce the official cash rate (OCR) to 3 per cent. While some say the RBNZ was not 'dovish enough' in its 25 basis point cut, they note a clear appetite for further easing.
