What to make of the updated OCR forecast
Send us a question/idea/opinion direct via text message! Two key releases were out last week, with the first being the last Monetary Policy Statement (MPS) for the year from the RBNZ. As covered in Kelvin's MPS commentary, it was more about tough talk, not action, with the OCR on hold, but an increase to the forecast peak. "No tolerance for inflation surprises" summarises the RBNZ's take right now, hence the warning shot across the bow. The other important data updated was the CoreLogic...