The November Monetary Policy Statement, will almost definitely see the OCR drop from 2.0% to 1.75% – a record low.
A rise in interest rates in the US, expected in December, is probably going to reduce the attractiveness on New Zealand’s high-yielding equities.
The economy is expanding rather than contracting and shows little need for any further stimulus.
The New Zealand Super Fund is ready, willing and able to invest in infrastructure but governments at home and abroad need to let it have access to such projects, chief executive Adrian Orr says.
No interest rate cut today – and maybe not in November, either.