Economists forecast a steady 5.50% OCR for the RBNZ's upcoming meeting

<p>A poll of economists in New Zealand:</p><ul><li>Expect the RBNZ will keep the Official Cash Rate (OCR) steady at 5.50% during its upcoming meeting next week. </li><li>Additionally, the poll suggests that there will be no changes in interest rates until at least the end of March 2024. </li><li>The majority of economists anticipate a rate cut in the 2Q of 2024. </li></ul><p>It is worth mentioning that money market rates currently indicate a 98% probability that the RBNZ will maintain the OCR at its meeting next week. </p>

This article was written by Greg Michalowski at www.forexlive.com.