Finance

Economists now expect August rate cut from RBNZ

Rebecca Howard
Wed, 26 Jun 2019

By Rebecca Howard June 26 (BusinessDesk) - Economists say the central bank will cut interest rates in August given the monetary policy committee said risks are tilted to the downside and that more support from monetary policy was likely to be necessary. The Reserve Bank kept the official cash rate at 1.5 percent and said the outlook for the economy has softened since its May assessment. All 20 economists polled by Bloomberg had expected the bank to stand pat. Last month it cut rates by 25 basis points, citing concerns about the employmen...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation

Eric Watson: fighting talk from inside Pentonville Prison

Pattrick Smellie | Sat, 24 Oct 2020

Jailed businessman Eric Watson is vowing to tell his side of the story

Opinion

The end of the National Party?

Brian Gaynor | Sat, 24 Oct 2020

Early post-election actions by the National Party suggest it hasn't yet grasped the task it faces to remain relevant to a fast-changing electorate.

Technology FREE

What’s Elon Musk’s Starlink doing in New Zealand?

Henry Burrell | Sat, 24 Oct 2020

What does the director of Starlink’s kiwi subsidiary think of the tech player?

Economists now expect August rate cut from RBNZ

Not convinced yet?

Your company has a subscription

Team