ANZ economist Henry Russell tells NBR another 50bps OCR cut is expected in February.
The Finance Minister says high interest rates had squeezed the life out of the economy.
Although economists expect the worst is now over for the economy.
Forecast tax take is down as sluggish economy hits revenue.
Treasury update today paints more realistic outlook for economy after prolonged downturn.
RBNZ top brass address pointed questions from MPs at select committee about performance, inflation, and access to money.
Inflation could get shaken about by President-elect Donald Trump’s strict trade promises, Christian Hawkesby tells NBR.
Central bank top brass front MPs for questioning after yesterday’s 50bps rate cut, while ANZ business survey highlights pain.
Tentative evidence the Auckland Unitary Plan has had positive effect in areas of high housing demand, new report on impact of land restrictions on house prices suggests.
RBNZ Governor Adrian Orr says another 50bps cut is on the cards in February if the economy plays ball.