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Finding neutral

The OCR remains on hold at 2.5% but is expected to rise over 2010 as the recovery takes hold.
A variety of dynamics influence our thoughts on the level of the neutral OCR over the coming years.
We estimate the neutral OCR to be 5%, around 1.25% lower than our pre-financial crisis estimates.

Read the full PDF report.

www.asbsecurities.co.nz www.asb.co.nz www.commbank.com.au

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Report Prepared by:

Christina Leung
ASB Economist
Phone: +64 9 369 4421
Fax: +64 9 302 0992


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