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Reuters
Reuters
Business

Reserve Bank of NZ seen holding rates steady on Sept. 28

FILE PHOTO: Pedestrians walk near the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray/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 17 economists forecast the RBNZ would stand pat on Sept. 28 and all 19 who made projections beyond Thursday expect the bank to keep rates on hold until the end of the year.

Eight of 18 economists forecast at least one rate hike by the third quarter of 2018.

(Reporting by Charlotte Greenfield; Editing by Eric Meijer)

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