What’s at stake:Whether the RBNZ has enough evidence to cut the OCR this year.
Background: Annual inflation fell to 4% in the year to March, according to Stats NZ data out yesterday. Domestic-driven inflation remains tough to move and could push rate cuts to 2025.
Key players: Stats NZ, BNZ, Mike Jones, ANZ, Henry Russell, Miles Workman, HSBC, Paul Bloxham, Forsyth Barr, Zoe Wallis, Westpac, Satish Ranchhod.
The final stretch towards the RBNZ’s 1-3% inflation target will be a tough task, but BNZ’s chief economist Mike Jones reckons a November rate cut is still a possibility.
Stats NZ data out yesterday showed annual inflation fell to 4% in the year ended March, compared with 4.7% in the year ended
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What’s at stake:Whether the RBNZ has enough evidence to cut the OCR this year.
Background: Annual inflation fell to 4% in the year to March, according to Stats NZ data out yesterday. Domestic-driven inflation remains tough to move and could push rate cuts to 2025.
Key players: Stats NZ, BNZ, Mike Jones, ANZ, Henry Russell, Miles Workman, HSBC, Paul Bloxham, Forsyth Barr, Zoe Wallis, Westpac, Satish Ranchhod.
