The country's biggest bank has changed its call and is predicting further cuts to the official cash rate
The country's biggest bank has changed its call and is predicting further cuts to the official cash rate
20 December 2018
It's expecting the OCR to be slashed by a quarter of a percent in November next year and half a percent in 2020, taking it to one percent.
The bank cites reasons including slowing global growth, weaker inflation, global equity and credit markets coming under pressure .... and the effects of proposed bank capital changes.
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