New Zealand's Reserve Bank maintains Official Cash Rate at 5.5% for 8th consecutive meeting amid economic downturn.
New Zealand's Reserve Bank (RBNZ) is expected to maintain the Official Cash Rate at 5.5% for an eighth consecutive meeting, despite indications of a deepening economic downturn. All 20 economists surveyed by Bloomberg anticipate the RBNZ to remain hawkish, despite investor bets on rate cuts before the end of the year. The central bank's focus remains on inflation, and it is not anticipated to change its stance soon.
July 07, 2024
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