Pursuits
RBNZ Rate Call Anyone's Guess as Wheeler Baffles Economists
- Markets evenly divided over whether RBNZ will cut or hold rate
- `That February speech really muddied the water,' ASB says
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New Zealand’s central bank is becoming harder to predict amid growing frustration with its communication.
Markets are almost evenly divided over whether the Reserve Bank will hold or lower its official cash rate Thursday following last month’s surprise cut to a record-low 2.25 percent. That move prompted economists to round on Governor Graeme Wheeler, who they accused of steering them in the wrong direction.