A split emerged within the NZIER Monetary Shadow Board ahead of this week’s Reserve Bank of New Zealand policy decision. While the majority recommended keeping the Official Cash Rate unchanged at 2.25%, several members argued that tightening should begin immediately as inflation pressures build. The majority view centered on weak domestic conditions and geopolitical uncertainty. […]The post RBNZ Shadow Board Backs Hold at 2.25%, Three Call for Immediate Hike appeared first on ActionForex.