Mixed views on OCR cut in August

  • Prime Minister John Key does not expect the central bank to cut interest rates following the British vote to leave the European Union, but analysts are not so sure.

The Brexit vote has shaken money markets, with the British pound plunging and sharemarkets falling sharply.

The uncertainty about the effect on the global economy has some investors and analysts picking the Brexit vote will force the hand of central banks.

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Photo: RNZ

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