A rate cut by Christmas?
Today’s latest business survey is in negative gear, which economists say screams out for a rate cut this year.
New Zealand avoided a recession at the start of the year but the economic indicators are getting worse.
Today’s subdued business confidence survey screams out for an official cash rate cut by Christmas as the tough economy bites into profits, economists say.
The latest NZ Institute of Economic Research Quarterly Survey of Business Opinion declined further in the June quarter.
A net 35% of firms
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