RBNZ unlikely to ‘panic’ and slash OCR this month: Rabobank
Senior market strategist Ben Picton counters the argument for an ‘immediate’ rate cut next week.
WATCH: Rabobank senior market strategist Ben Picton speaks with Jonathan Mitchell.
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The Reserve Bank is unlikely to panic and slash the official cash rate next week, argues Rabobank, after the central bank earlier suggested a hold until later next year.
Senior market strategist Ben Picton countered the view of other economists who strongly suggested this week that a cut was needed
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