Latest / The Kākā by Bernard Hickey
Interview: RBNZ wary of any administered inflation spiral
Long story short, I interviewed Reserve Bank of New Zealand Chief Economist Paul Conway yesterday in the full video above about:
* the Monetary Policy Committee’s decision to cut the Official Cash Rate by 50 basis points to 3.75% last week;
* the bank’s projection in its Monetary Policy Statement (MPS) for three more 25 basis point cuts over the next six months or so;
* its forecasts for modest recovery in economic growth later in the year to start reducing unemployment, now that interest rates are lower and the benefits are flowing through in a lagged fashion to fixed mortgage borrowers…
The skinny
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