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Reserve Bank widely expected to keep rates on hold for longer

Author
Newstalk ZB,
Publish Date
Mon, 8 Jul 2024, 7:59pm
Adrian Orr. Photo / NZ Herald
Adrian Orr. Photo / NZ Herald

Reserve Bank widely expected to keep rates on hold for longer

Author
Newstalk ZB,
Publish Date
Mon, 8 Jul 2024, 7:59pm

The Reserve Bank is set to deliver its next Monetary Policy Statement regarding the OCR on Wednesday.

It's expected the Bank will keep rates on hold for longer, but economists are divided on when the anticipated cuts will come.

Harbour Asset Management's Shane Solly says markets are pricing in cuts, which could come between November to next February. 

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