NZ firms see looser monetary conditions at end of quarter, one year out

Tue, 25 Aug 2015

Aug. 25 (BusinessDesk) - New Zealand businesses expected monetary conditions to be looser by the end of the third quarter and one year out, compared to their expectations three months ago, the Reserve Bank's latest survey shows. Asked for their perception of where monetary conditions will be at the end of the quarter, a net 48.4 percent expected conditions to be looser, implying a decline in interest rates. In the June survey, a net 36.8 percent saw looser conditions by quarter-end. For the end of the fourth quarter, a net 62.9 percent of th...

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