RBNZ may hold off cutting interest rates until August, ANZ economists say

Fri, 13 May 2016

By Tina Morrison May 13 (BusinessDesk) - The Reserve Bank may hold off cutting interest rates until August rather than moving in June because the economy isn't looking so bad and it's tactically better to wait longer, ANZ New Zealand economists say. Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at his review last month, predicting inflation would pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. Still, he said further policy easing may be required t...

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