Will we see a rate cut from the Reserve Bank this year?
Kiwibank economist Sabrina Delgado joins Bernard to examine the latest forecast indicating that the RBNZ will delay a long-awaited OCR cut until 2025, and why her team at Kiwibank think the cut will come much sooner.
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Show Notes
Bernard Hickey goes hunting for the Reserve Bank’s first rate cut in a discussion with Kiwibank economist Sabrina Delgado. It was supposed to be this year, especially now that the economy appears mired in a multi-dip recession with higher unemployment - but sticky local inflation has held the RBNZ back. Now, however, it is forecasting a rate cut in August 2025 at the earliest. Sabrina explains why she disagrees, why the central bank should be able to cut as early as November, and what that’ll mean for the housing market.
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