Rate hikes done and dusted?
Most economists expect the next move to be down, but exactly when is anyone’s guess.
WATCH: NZIER principal economist Christina Leung speaks with Jonathan Mitchell.
Economists reckon the RBNZ’s rhetoric was more dovish than expected this week, lowering the chances of another rate hike this year.
The central bank held the official cash rate at 5.5% yesterday, as widely expected , comfortable that interest rates were constraining economic activity.
It repeated
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