Rate cut expectations hinge on domestic inflation falling

Inflation has been too high for too long. (Image: Getty)

Tue, 16 Jul 2024

Domestic inflation will take centre stage on Wednesday, and any downward surprise will likely move the rate-cut needle. The Reserve Bank of New Zealand (RBNZ) surprised markets last week with a more dovish-than-expected statement, and markets moved to price in rate cuts as early as August. Most economists, however, are signalling that November is more likely. Kiwibank economist Mary Jo Vergara said consumer price growth likely slowed slightly over the second quarter to 0.5% from 0.6%. “On an annual basis, cooling cont...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

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