Rate cut in June attracts strong betting
An interest rate cut is now 80 per cent likely just 17 days after the federal election because of softening unemployment numbers.
An interest rate cut is now 80 per cent likely just 17 days after the federal election because of softening unemployment numbers.
The RBNZ governor argued near-full employment and inflation close to target support, rather than diminish, the case for a rate cut.
RBNZ governor Adrian Orr says the central bank is not to blame for high debt levels in pockets of New Zealand's agricultural sector.
Former Reserve Bank of New Zealand governor and architect of its inflation target band Don Brash has cautiously come out in favour of Australia reviewing its inflation target.
It's better for monetary policy 'just to get on with its job' than wait for the next piece of data, RBNZ governor Adrian Orr says.
The economy is continuing to disappoint the Reserve Bank of Australia after downgrading their outlook forecasts further on Tuesday.
Former RBA governor Bernie Fraser said the bank's decision to keep interest rates on hold was no surprise and a 0.25 percentage point cut would have little effect on the economy.
The Reserve Bank of New Zealand cut its official cash rate by 25 basis points to a record low of 1.5 per cent, as it flagged up growth concerns.
The RBA has signalled that it could cut interest rates if the unemployment rate does not fall below 5 per cent this year.
Shadow Treasurer Chris Bowen has alarmed financial markets by saying interest rates are now "almost at emergency levels" and could be reduce...
Reserve Bank of Australia's so-called shadow board at Australia National University says there is a 54 per cent chance rates will remain on ...
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