The Reserve Bank's decision to leave the OCR in place was in line with expectations - but their tone caught markets by surprise.

The Bank indicated inflation could return to the one-to-three percent threshold by the end of the year, and cuts could be coming sooner than predicted.

Milford Asset Management's Katlyn Parker explains further.

LISTEN ABOVE 

The Reserve Bank's decision to leave the OCR in place was in line with expectations - but their tone caught markets by surprise.
The Bank indicated inflation could return to the one-to-three percent threshold by the end of the year, and cuts could be coming sooner than predicted.
Milford Asset Management's Katlyn Parker explains further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Advertisement