Low inflation figures make a rate cut “a done deal” says one economist – but not all so sure. With special feature audio.
The only thing that would stop rate cut in August would be a plummeting New Zealand dollar. With special feature audio.
Reserve Bank said it's struggling to meet its inflation objective of keeping the annual CPI between 1% and 3% with the Kiwi Dollar 6% above expectations on a trade-weighted basis. With special feature audio.
IN FOCUS: 'Challenging' economic changes do not require revisiting RBNZ inflation target, says English
Finance Minister says even in countries where inflation targeting has been put under greater pressure than in NZ, they are not changing. With special feature audio.
Inflation might be minimal but an interest rate cut now would be pouring nitroglycerin onto an already out-of-control conflagration – unless the Reserve Bank plans a surprise macro-prudential move. With special feature audio.