Truckometer sees economy gearing up but more OCR cuts needed
Reserve Bank's growth forecasts are too optimistic, ANZ says.
Nevil Gibson
Tue, 11 Jun 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Signs the economy is moving up a gear have come in the ANZ Truckometer’s latest figures. But the bank's economists said the growth would fall short of official forecasts and would probably mean further cuts in the official cash rate (OCR) before early next year.
The Truckometer measures
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Nevil Gibson
Tue, 11 Jun 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
