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29 Mar 2024 21:43
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  •   Home > News > Business

    The Reserve Bank is tipped to wait two years before changing the Official Cash Rate

    The Reserve Bank is tipped to wait two years before changing the Official Cash Rate


    It's making an announcement at 2pm, along with a Monetary Policy Statement.

    ANZ chief economist, Sharon Zollner, says the central bank's using unconventional tools like buying bonds, quantitative easing, and funding for lending, which are a lot easier to get into, than get out of.

    She says they complicate things and lengthen the amount of time the Reserve Bank takes to change the OCR.

    Zollner says it will be thinking about early 2023, but probably isn't willing to put a date on it.

    © 2024 Newstalk ZB, NZCity

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    The Chiefs are backing young first-five Josh Jacomb to step up in tonight's Super Rugby clash against the Crusaders in Christchurch More...


    BUSINESS BUSINESS
    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



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