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.
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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