Economic sentiment improving but still weak: QSBO

Retailers are showing the strongest bounce in improved business sentiment. (Image: Supplied)

Tue, 01 Oct 2024

Business sentiment is weakly turning more positive about the future as the start of interest rate cuts starts to lift spirits from recent deep pessimism, the September Quarterly Survey of Business Opinion finds.The New Zealand Institute of Economic Research’s QSBO survey is closely watched by the Reserve Bank of New Zealand, which is expected to cut the Official Cash Rate (OCR) again next week, with debate about whether it will be a 25 or 50 basis point cut.The latest result could be used to make a case for either a 25 or 50bps cut, said...

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