We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down."

RBNZ holds rates at 1.75pc

The Reserve Bank of New Zealand held interest rates steady at a record low and said they would likely remain at that level into 2020.

Cautious Fed could boost $A

Federal Reserve chairman Jerome Powell is expected to reaffirm his cautious approach to monetary policy this week, potentially paving the wa...