✉news BusinessBanking first seen 2 d ago, last 2 d ago, peak #13

RBNZ Chief Economist Says Next Interest Rate Call 'Wide Open'

Original: RBNZ Chief Economist Says Next Interest Rate Call ‘Wide Open’

The Reserve Bank of New Zealand's chief economist said the central bank's next interest rate decision is 'wide open', signalling that policymakers have not settled on whether to hold or adjust the official cash rate. The comments suggest the outcome will hinge on incoming economic data, leaving markets and borrowers in New Zealand uncertain about the direction of monetary policy.

Why now: Markets and borrowers are closely watching RBNZ signalling ahead of the next rate decision.

Reserve Bank of New ZealandNew Zealand

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Evidence

• RBNZ Chief Economist Says Next Interest Rate Call ‘Wide Open’ · Bloomberg.com

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