What’s at stake:Whether the RBNZ has enough evidence to cut the OCR this year.
Background: Infometrics has released its latest report of the economy, highlghting weakness in the regions with slower spending and investment early in 2024. ANZ suggests OCR cut in May next year, while others reckon November this year.
A downbeat economy is putting pressure on the regions, with slower spending and investment at the start of 2024.
Infometrics’ Quarterly Economic Monitor, released this morning, suggested economic activity in the March quarter was 0.3% higher than the same period last year, however that slowed
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Key points
What’s at stake:Whether the RBNZ has enough evidence to cut the OCR this year.
Background: Infometrics has released its latest report of the economy, highlghting weakness in the regions with slower spending and investment early in 2024. ANZ suggests OCR cut in May next year, while others reckon November this year.
