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Reuters
Reuters
Business

Reserve Bank of New Zealand seen holding rates steady on Feb. 8 - Reuters poll

Pedestrians walk past as a security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. Picture taken July 3, 2017. REUTERS/David Gray

WELLINGTON (Reuters) - The Reserve Bank of New Zealand (RBNZ) is widely expected to keep its cash rate at a record-low 1.75 percent at its policy review on Thursday, a Reuters poll of economists found.

All 15 economists forecast the RBNZ would stand pat on Feb 8 when it releases its Monetary Policy Statement, and all but one expected the bank to keep rates on hold until the end of the third quarter. The sole economist expects a hike in the September quarter.

Seven out of the 15 economists thought the bank would hike rates by the end of the second quarter of 2019.

Economists were asked what the cash rate would be after the next Reserve Bank meeting on Feb. 8 and where rates would be at the end of the following five quarters.

(Reporting by Charlotte GreenfieldEditing by Shri Navaratnam)

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