Dovish RBNZ opens the door for November rate cut
Kiwibank’s Jarrod Kerr has growing confidence that the central bank’s softer tone signals cuts ahead this year.
WATCH: Kiwibank chief economist Jarrod Kerr speaks with Jonathan Mitchell.
The RBNZ’s tone has shifted and there’s building confidence of a rate cut by November this year, amid a “total collapse” in business confidence.
As widely expected, the central bank held the official cash rate at 5.5% yesterday, but the tone had softened, and economists declared a more
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