Rate cuts might come sooner given weak economy

Rate cuts might come sooner given weak economy
The weak data could mean a more dovish RBNZ. (Image: Unsplash)
Rebecca Howard
Weaker-than-expected economic growth has amped up speculation rate cuts might be coming sooner than expected.“Should that weaker growth outlook translate into a swifter reduction in inflationary pressures, official cash rate cuts could come earlier than the early 2025 timeframe we’ve been anticipating up until now,” said ASB economist Nathaniel Keall.The economy contracted 0.3% on quarter in the September quarter, following a revised 0.5% increase in the June quarter.Substantially softerThe data was “substantially softer...

More Economy

Consumer confidence back on the up – ANZ survey
Economy Free

Consumer confidence back on the up – ANZ survey

Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...

Staff reporters 24 Apr 2025
‘Uncertainty abounds’: Willis on trade war challenges
Economy

‘Uncertainty abounds’: Willis on trade war challenges

The impacts for NZ are twofold and will make its economic recovery harder, Willis says.

Rebecca Howard 23 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025