ANZ still picking interest rate cut as October business confidence stays sour

Wed, 31 Oct 2018

By Rebecca Howard Oct. 31 (BusinessDesk) - New Zealand business confidence remained sour in October with both headline sentiment and firms' views of their own activity largely unchanged from September, with the ANZ Bank still thinking the Reserve Bank will eventually face pressure to cut interest rates. A net 37.1 percent of 367 firms surveyed in the ANZ business outlook survey for October expect general business conditions to deteriorate in the coming 12 months versus a net 38.3 percent that saw a deterioration in September. Agricultu...

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