RBNZ's Bollard to speak on monetary policy on Friday

Reserve Bank Governor Alan Bollard will give an 'on the record' speech to the Canterbury Employers' Chamber of Commerce on Friday at 1pm on 'The crisis and monetary policy: what we learned and where we are going.' Interest.co.nz will publish a report on the speech shortly after 1pm on Friday. The Reserve Bank is due to announce its latest decision on the Official Cash Rate at 9am on Thursday. Economists widely expect the OCR to be left on hold at 2.5% and for the Reserve Bank to stick with its pledge not to raise the OCR before the middle of the year.