RBNZ's dovish tilt will depend on inflation data

RBNZ Governor Adrian Orr. (Image: BusinessDesk)

Thu, 11 Jul 2024

The market is now predicting a 60% chance of a rate cut in August after the central bank took a more dovish stance, but the tide may shift if next week’s inflation data is higher than expected. On Wednesday, the Reserve Bank kept rates on hold at 5.5% but said restrictive monetary policy has “significantly reduced consumer price inflation”.There was no further talk of rate hikes in the record of meeting and the monetary policy committee is now “confident” rates will return to the 1% to 3% target band over the...

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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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QuiznessDesk: Thursday, Oct 31

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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