Markets looking beyond official cash rate review to new Reserve Bank governor - News Summed Up

Markets looking beyond official cash rate review to new Reserve Bank governor


Markets looking beyond official cash rate review to new Reserve Bank governorMAARTEN HOLL/STUFF NZ Super Fund chief executive returns to the Reserve Bank as Governor on March 27. As financial markets prepare for a new governor of the Reserve Bank, Thursday's official cash rate review may mark the least important decision of its kind. CAMERON BURNELL/STUFF Acting Reserve Bank governor is widely expected to leave the official cash rate unchanged at 1.75 per cent on Thursday. A former head of economics at the Reserve Bank, Orr has headed the NZ Super Fund for a decade. "We anticipate Orr's initial focus at the Reserve Bank will be on managing the Government's changes to the Reserve Bank Act, not necessarily delving into the deep minutia of the [central bank]'s economic forecasts."


Source: Stuff March 17, 2018 19:44 UTC



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