‘Really ugly’: grim economic data highlights widespread pain
ANZ economist Henry Russell tells NBR another 50bps OCR cut is expected in February.
WATCH: ANZ economist Henry Russell speaks with Jonathan Mitchell.
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New Zealand’s economy demands more hefty rate cuts to avoid further carnage, economists say, as official data highlights the country has been in a deep recession this year.
Yesterday, Statistics NZ data showed the economy declined 1% in the September quarter, following a revised 1.1% fall in the
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