Better but still weak business confidence: a signal to cut the OCR?

Tue, 15 Jan 2019

By Jenny Ruth Jan. 15 (BusinessDesk) - ANZ Bank economist Liz Kendall says the New Zealand Institute of Economic Research’s latest quarterly survey of business opinion shows the Reserve Bank will eventually need to cut interest rates. Other economists agree that deteriorating business profitability raises risks that future employment, investment and economic growth generally could deteriorate, but they’re still picking the next move in the official cash rate – eventually and definitely not soon – will be up. Bank of New Zealand is stic...

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