Will there be another rate cut in 2020?

Will there be another rate cut in 2020?
Rebecca Howard
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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NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

Rebecca Howard 08 Jul 2024
RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Rebecca Howard 08 Jul 2024
Briscoe Group says tax changes will hit FY net profit by $7.4m
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Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024