The New Zealand Institute of Economic Research's shadow board of experts has called for the Reserve Bank to cut the official cash rate tomorrow by 25 basis points to 2.75 percent.
The board, which features economists and business leaders, says there are continuing signs of a softening growth outlook.
But there were a wide range of views amongst the shadow board this time, with some calling for the OCR to be left at 3 percent.
Inflation is low, the housing market remains strong and the dollar has fallen to around 63 US cents from a high of 88 cents just over a year ago.
That leaves the Reserve Bank in a tricky spot. It must juggle a slowing economy with the possible risk of a sharp correction in house prices.
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