A Reuters survey of 12 economists has suggested that the Governor of Reserve Bank, Alan Bollard, is believed to not introduce any changes in the official cash rates and will maintain the OCR at 2.5% during the release of the Monetary Policy Statement on Thursday.

Experts have marked the report as a first opportunity for Alan Bollard as an attempt to renew his anticipations in detail. Further, the GDP is observed to grow by 0.8% whereas the CPI had gained a hike of 1% during the quarter.

In a MPS preview, the Chief Economist of Westpac, Dominick Stephens, notified: "The near-term global outlook has taken a nasty turn, as fears of sovereign debt default have spilled over into a broader range of markets".

In addition, sources revealed that the year observed a surge in the prices of New Zealand bonds and marked them at their lowest place in more than two years consequent to the rally in US Treasuries. The surge has influenced the sales of Debt Management Office that has reported to sell a record $20 billion of notes, during the year ended on June 30.

The existing market scenario has reflected a scenario where New Zealand's progress is healthy as compared to rest of the countries.