Talk Money June 8

  • 08/06/2016
(Paul Henry)
(Paul Henry)

A panel of experts say the Reserve Bank should hold steady on interest rates tomorrow.

The New Zealand Institute of Economic Research has polled economists and business people about what they think the Reserve Bank (RBNZ) should do tomorrow.

The panel say the economy is improving enough for the RBNZ to hold the Official Cash rate at 2.25 percent tomorrow.

The RBNZ is in a difficult position. Inflation is well below where the Bank would like it to be. But any cut to the OCR will fuel an already red hot property market.

The dollar is another worry for the RBNZ. The Kiwi is trading at 69.70 US cents.

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