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Economics
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‘Immediate’ rate cut needed as economy buckles: BNZ

Central bank decisions in firm focus, while global sharemarket volatility continues today.

WATCH: Hamilton Hindin Greene investment adviser Jeremy Sullivan speaks with Jonathan Mitchell.

The Reserve Bank should provide “immediate” interest rate relief, economists argue, against a backdrop of a buckling economy and businesses under pressure.

The central bank reviews the official cash rate next week, and economists have largely pencilled in at least one cut by the end of the

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Jonathan Mitchell Tue, 06 Aug 2024
Contact the Writer: jmitchell@nbr.co.nz
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‘Immediate’ rate cut needed as economy buckles: BNZ
Economics,
105203
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