The RBNZ Governor spoke to the Peterson Institute in the United States today.
New research compares income levels, housing affordability, and living costs between the two countries.
Inflation is now just a whisker away from the key midpoint of the RBNZ’s 1-3% target band.
Stats NZ data reinforces the RBNZ's decisions to cut the OCR and provide economic relief.
More data highlight the subdued economy, with key inflation numbers just days away.
Official data reinforces the subdued economy requires more interest rate cuts to grow again.
Craig Renney says particularly low-income people who rent might not be better off.
Borrowers and retailers rejoice after the cut, with the official cash rate expected to fall further in 2025.
Governor Adrian Orr proud of gains the bank has made in the past year.
But most of NZIER’s shadow board pick the OCR will sit between 3.5% and 4.5% a year from now.