OCR tipped to remain at 2.5 percent

BNZ economists are tipping the Official Cash Rate to remain at 2.5 percent ahead of this week's Reserve Bank review.

Reserve Bank Governor Graeme Wheeler will announce interest rate levels on Thursday.

BNZ's forecasting the Reserve Bank will take a cautious approach by keeping New Zealand interest rate settings lax in a bid to avoid shifting market pricing to a material degree.

It's predicting the OCR will remain at its record low this year due to low Consumer Price Index inflation, and the lofty New Zealand dollar.

Add to those factors, slow GDP growth and signs of a cooling in the Australian economy.


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