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.
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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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