A Reuters survey of 12 economists has suggested that the Governor of Reserve Bank, Alan Bollard, is believed to not introduce any changes in the official cash rates and will maintain the OCR at 2.5% during the release of the Monetary Policy Statement on Thursday.
As per the Reserve Bank, quicker earnings to government operating surplus are the gauge much probable to effect in a material increase in national investments in possibly the coming three to five years.
Speaking to the Deloitte tax conference in Auckland, Dr Bollard alleged in Auckland during speaking to the Deloitte tax that the current global monetary disaster was not as injurious as the 1930s Great sadness.
He supposed that they got the learning that healing to economic regularity can be a slow, easily broken and doubtful process, with momentary slow down and aftershocks.
Economic recovery is not going to give the desired result for New Zealand. As experts say, it is going to be a 'prolonged process'.
The same are the views of Reserve Bank governor Alan Bollard, who also believes that the short term outlook is quite favorable.
According to the recently made announcement by the Reserve Bank Governor Alan Bollard, he has requested the people in New Zealand that they should not be over pessimistic towards the high rate of the New Zealand dollar.
It is to be mentioned here that the NZ dollar has been moving around the US80c level during the recent weeks while the Australian dollar was able to reach parity with the weak US dollar.
Soon after the Reserve Bank Governor Alan Bollard decided to leave the official cash rate unchanged at a level of 3%, many labeled it as a ditto statement under which he said a similar thing last month as well.