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.
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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