Will there be another rate cut in 2020?

Tue, 31 Dec 2019

Most economists are still tipping at least one more interest rate cut in 2020, but they are decidedly more cheerful about the coming year as both the global and domestic outlook improves.“We think it is too soon to declare the battle won and retain our call for one further Reserve Bank cut in May. But the risk is clearly rising that the RBNZ is done,” said ASB Bank chief economist Nick Tuffley.The Reserve Bank cut its official cash rate by 75 basis points to 1 percent in 2019 and has said it “will add further monetary stimulus if needed.” The b...

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