50 or 75? Inflation victory reinforces more OCR cuts ahead
Inflation is now just a whisker away from the key midpoint of the RBNZ’s 1-3% target band.
WATCH: Kiwibank senior economist Mary Jo Vergara speaks with Jonathan Mitchell.
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Economists and market pundits are now pondering how hard the RBNZ should cut the official cash rate next month, after inflation finally re-entered the key target zone.
Yesterday, Stats NZ data showed annual inflation fell to 2.2% in the September quarter, down from 3.3% previously.
Overall, inflation
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