Inflation lift not enough to put off OCR cut
Reserve Bank still expected to cut interest rates in August.
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The odds remain high of a Reserve Bank cut in the official cash rate (OCR) in August after Tuesday’s June quarter inflation of 0.6%, lifting the annual rise to 1.7%.
But a minority of economists say a cut isn’t necessary as the core inflation rate – while consistent with forecasts –
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Nevil Gibson
Wed, 17 Jul 2019
Wed, 17 Jul 2019
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Inflation lift not enough to put off OCR cut
Analysis,
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