Economists believe that the Reserve Bank of New Zealand Governor Graeme Wheeler might keep the Official Cash Rate (OCR) unchanged during the next monetary policy review on Thursday.

Former RBNZ governor Dr Alan Bollard had kept the OCR unchanged at 2.5 per cent in the September quarter Monetary Policy review. The rate is at its record low level and has not moved since in March 2011. The current rate is indicates floating mortgage rates as most of the major banks make rate changes along the six-weekly reviews of the OCR.

It is believed that the OCR will be kept unchanged till 2013, or early 2014. However, the low inflation figures of the economy have encouraged some opposition members to demand a further cut in the OCR. Statistics New Zealand had showed that the annual Consumer Price Index (CPI) fell to 0.8 per cent, which is below the central bank's target of between 1 to 3 per cent.

RBNZ has indicated that there are very little chances of a rate cut as the rate is already at a record low level.