ASB calls on RBNZ to make a Biles-esque gymnastic move

ASB Bank is also calling for a rate cut next week. (Image: Getty)

Fri, 09 Aug 2024

Next week’s monetary policy review is becoming a nail-biter, and the Reserve Bank of New Zealand's latest survey of inflation expectations has upped the ante even further. Expectations for one-year-ahead annual inflation fell by 33 basis points from 2.73% to 2.4% quarter-on-quarter. Two-year-ahead inflation expectations fell from 2.33% to 2.03%. Five-year-ahead and 10-year-ahead inflation expectations decreased to 2.07% and 2.03%, respectively.ASB Bank adds its voiceASB Bank joined Kiwibank and BNZ Bank in calling for...

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