RBNZ tipped to cut deeper to revive economy
Assistant governor Karen Silk told NBR a cut of 50bps wasn’t considered this month.
WATCH: RBNZ Assistant Governor Karen Silk speaks with Brent Edwards.
Businesses are getting gloomier about the economic outlook, but the Reserve Bank is guaranteeing some relief in the form of interest rate cuts.
At least one economist is predicting the official cash rate (OCR) could drop to 2.5%, as both businesses and the Reserve Bank battle global headwinds.
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