Solid jobs numbers won't sway RBNZ - economists

Tue, 06 Aug 2019

By Rebecca Howard Aug. 6 (BusinessDesk) - New Zealand’s unemployment rate hit an 11-year low, but economists say the data won’t put off tomorrow’s widely expected rate cut and most say it doesn’t change anything down the track. The central bank is expected to cut rates by 25 basis points to a record low 1.25 percent at tomorrow’s review. The focus, however, will be on its forecasts and any comment around future plans for interest rates. Most economists are expecting at least one more cut this year to 1.00 percent. Some are expecting rates...

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