RBNZ’s gamble: erring on the side of growth
ANALYSIS: But new Governor Anna Breman is left with a delicate balancing act – sustaining confidence without reigniting inflationary pressures.
New RBNZ Governor Anna Breman.
Opting for boldness over caution, the Reserve Bank of New Zealand earlier this month slashed its official cash rate by 50 basis points, a larger cut than expected, bringing the benchmark interest rate down to 2.5%. This move takes the OCR to its lowest level in years and signals that supporting a
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