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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Economics
3 mins to read

50 or 75? Inflation victory reinforces more OCR cuts ahead

Inflation is now just a whisker away from the key midpoint of the RBNZ’s 1-3% target band.

WATCH: Kiwibank senior economist Mary Jo Vergara speaks with Jonathan Mitchell.

Economists and market pundits are now pondering how hard the RBNZ should cut the official cash rate next month, after inflation finally re-entered the key target zone.

Yesterday, Stats NZ data showed annual inflation fell to 2.2% in the September quarter, down from 3.3% previously.

Overall, inflation

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Jonathan Mitchell Thu, 17 Oct 2024
Contact the Writer: jmitchell@nbr.co.nz
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50 or 75? Inflation victory reinforces more OCR cuts ahead
Economics,
106302
true