The only thing we expect to change at the Reserve Bank of New Zealand‘s monetary policy meeting on Thursday 10th May is the Governor, as interest rates will almost certainly stay on hold at 1.75% at Adrian Orr’s first meeting. It is possible that Orr will change the Bank’s interest rate projections in the accompanying Monetary Policy Statement, but the flow of economic data and his comments in recent speeches suggest that’s unlikely. Either way, we think the RBNZ will keep interest rates on hold until 2020.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services