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Economy Matters
4 mins to read

Is it time for NZ banking sector to lower their profit margins?

ANALYSIS: The RBNZ may increase the OCR but inflation has steadily fallen over the past 18 months.

WATCH: NBR columnist Christoph Schumacher speaks with Calida Stuart-Menteath.

Once again, the Reserve Bank of New Zealand didn’t lower the Official Cash Rate. This wasn’t terribly surprising. The RBNZ’s inflation target band is 1% to 3%; currently, inflation sits at 4% (March quarter). So, despite the markets hoping for the first interest rate cuts of the year, it was

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Christoph Schumacher Wed, 05 Jun 2024
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Is it time for NZ banking sector to lower their profit margins?
Economy Matters,
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