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Reuters
Reuters
Business

Reserve Bank of NZ seen holding rates steady next week - Reuters poll

Two people walk towards the entrance of the Reserve Bank of New Zealand located in the New Zealand capital city of Wellington, March 22, 2016. REUTERS/Rebecca Howard/File Photo

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 monetary policy meeting on Thursday, a Reuters poll of economists found.

All 24 economists forecast the RBNZ would stand pat on June 22 and all but one predicted the bank would keep rates on hold until the end of the year.

Fourteen of 20 economists forecast rate hikes by the third quarter of 2018.

Economists were asked what the cash rate would be after the next Reserve Bank meeting on June 22 and where rates would be at the end of the following five quarters.

(Reporting by Charlotte Greenfield and Tom Westbrook; Editing by Shri Navaratnam)

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