Predictions for OCR cut next month
An OCR cut could come as early as next month, the ASB says.
If key data, particularly the 7 August labour data and various inflation expectation measures are weak enough, then a cut could be on the cards.
ASB chief economist Nick Tuffley says every RBNZ meeting from now on will be conceivably ‘live’ and there could be cuts of 75bp by the end of the year.
Even if there is not a cut next month, the bank expects 25bp OCR cuts...MORE»
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