Over the last 18 months The Reserve Bank of New Zealand has tread carefully with adjustments to the OCR, either holding it or reducing it at each review. At the June 10 review, next week, some commentators are predicting Governor Alan Bollard may switch gears and increase the OCR.

See video below of IRG BOP's weekly market update.

In this week's IRG BOP market update, Jonathan York explores this situation.