Remy Wisenberg: Milford Asset Management expert on the market reactions to the OCR being kept on hold

 

The Reserve Bank moved to keep the OCR on hold, and it caused a stir among financial experts.

The markets had priced in a 95 percent chance that the cash rate would go up - resulting in a sharp weakening of the New Zealand dollar.

Milford Asset Management expert Remy Wisenberg explained the impacts further.

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