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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Economics
3 mins to read

Dovish RBNZ opens the door for November rate cut

Kiwibank’s Jarrod Kerr has growing confidence that the central bank’s softer tone signals cuts ahead this year.

WATCH: Kiwibank chief economist Jarrod Kerr speaks with Jonathan Mitchell.

The RBNZ’s tone has shifted and there’s building confidence of a rate cut by November this year, amid a “total collapse” in business confidence.

As widely expected, the central bank held the official cash rate at 5.5% yesterday, but the tone had softened, and economists declared a more

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Jonathan Mitchell Thu, 11 Jul 2024
Contact the Writer: jmitchell@nbr.co.nz
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Dovish RBNZ opens the door for November rate cut
Economics,
104844
true