Latest / The Kākā by Bernard Hickey
Survey shows economy 'stuck in the mud'
Briefly in the news this morning in Aotearoa’s political economy around housing, poverty and climate:
* The Lead: The NZIER’s September quarter survey of business confidence found a slump in expectations about the wider economy and businesses’ own activity in the next three months. Businesses reported they shed more staff during the quarter and were no more confident about employing more in the December quarter.
* The Sidebar: The survey results increased the chances the Reserve Bank would cut the Official Cash Rate (OCR) by a ‘bazooka’-sized 50 basis points to 2.5% at 2pm today, rather than…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.