RBNZ Governor Hawkesby: Central projection for OCR to fall to around 2.50% by end of year

RBNZ Governor Hawkesby: Central projection for OCR to fall to around 2.50% by end of year

• Reserve Bank of New Zealand Governor Christian Hawkesby remarks at the Financial Services Council’s annual conference:

Reserve Bank of New Zealand Governor Christian Hawkesby will provide brief remarks at the Financial Services Council’s annual conference:

• says the central projection for the OCR is to fall to around 2.50% by the end of the year
• but that could occur faster or slower depending on how the economic recovery evolves
• RBNZ faces a test of trust and confidence in "us as an organisation"
• speed of New Zealand’s economic recovery will influence the future path of the Bank's cash rate (OCR)

more to come