Westpac chief economist Kelly Eckhold acknowledges compelling reasons for meatier October and November rate cuts.
Annual inflation fell to 4% in the 12 months ended March, as widely expected, Stats NZ data shows.
Friday data dump highlights pull back in inflation pressures and economic activity in March.
The central bank could start cutting the OCR from November if they sniff inflation victory, according to economists.
The central bank held the OCR at 5.5% this afternoon, as widely expected. Insolvency experts think the situation for business is more grim than the figures depict.
The post-election confidence and activity bounce last year was short-lived, latest NZIER survey shows.
Latest regional snapshot highlights pinch points – plus some positives.
Chief executive of Deloitte South Asia, Romal Shetty, tells Auckland event there’s ‘no reason’ for India not to be interested in a free trade agreement with NZ.
With GDP slipping further, New Zealand’s double-dip recession highlights the tough balance between cooling the economy and fostering growth.
Rapid interest rate rises significantly affected consumers and businesses.