August rate cut on the cards

Will the RBNZ cut or hold? (Image: BusinessDesk)

Tue, 06 Aug 2024

An August rate cut from the Reserve Bank of New Zealand is looking increasingly likely.“RBNZ’s [Reserve Bank of NZ] next meeting is a big one. We’re pumped. It’s the economist’s Superbowl,” Kiwbank chief economist Jarrod Kerr said.“It’s a full monetary policy statement with updated forecasts, official cash rate track, and a complete 180 degree from May.” The decision is due Aug 14, and there has been much speculation about when the central bank might begin easing from the current high o...

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