No move in OCR yet: Economists
Of the 12 economists surveyed, all said the OCR would remain on hold at 2.5% - but one is predicting a move next quarter, to 2.75%.
Tom Kennedy, of JP Morgan, predicted the earliest increase and said he was only 75% sure that the rate would stay the same this week.
Earlier this month, Reserve Bank deputy governor Grant Spencer caused ripples when he said house price inflation was a concern. He said if it continued at its current rate, the bank would consider a monetary response.
Governor Graeme Wheeler had only recently indicated that the OCR would remain on hold until at least next year – and had even hinted that a cut was not entirely out of the question.
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