ASB changes tack on the Reserve Bank's Official Cash Rate outlook, now expects July OCR pause as US-Iran Memorandum of Understanding cools oil prices ASB now expects the Reserve Bank (RBNZ) to keep the Official Cash Rate (OCR) on hold in July but predicts another close vote. The bank's economists have revised their OCR outlook after previously forecasting the RBNZ would start hiking the OCR when i... [4895 chars]
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