Aussie rate cut hopes fade
Kia ora,
Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news expectations for a rate cut any time soon in Australia have faded significantly after the RBA's MPS yesterday.
But first, the overnight dairy auction brought slightly lower prices overall, down -0.5% although they were unchanged in NZD terms. WMP was sold in to weakish demand and ended down -2.5%. SMP fared better, rising a minor +0.7%. But the star of the show was…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.