What’s at stake:Whether the RBNZ has enough evidence to cut the OCR this year.
Background: Dollars & Sense assesses the health of the economy after recent data showing a suppressed outlook. The RBNZ reviews the OCR next week and no change is expected, while the Budget is released later this month and will deliver promised tax cuts.
Key players: Stats NZ, RBNZ, BNZ, Mike Jones, Westpac, Michael Gordon, HSBC, Paul Bloxham, First Union, Edward Miller.
Economists still think New Zealand is on track for a soft landing, amid public and private sector job cuts, sticky domestic inflation, and the recession.
They argue there’s still a plethora of challenges facing businesses and households as the country approaches winter.
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Key points
What’s at stake:Whether the RBNZ has enough evidence to cut the OCR this year.
Background: Dollars & Sense assesses the health of the economy after recent data showing a suppressed outlook. The RBNZ reviews the OCR next week and no change is expected, while the Budget is released later this month and will deliver promised tax cuts.
Key players: Stats NZ, RBNZ, BNZ, Mike Jones, Westpac, Michael Gordon, HSBC, Paul Bloxham, First Union, Edward Miller.
