Mortgage News

More OCR cuts to come

Monday 16th of November 2015

Moderate economic growth is on the cards, but the outlook has softened – thanks to the decline in dairy and falling business confidence – the latest ASB Quarterly Economic Forecast says.

A 6% drop in dairy production and a pull-back in investment and discretionary spending will squeeze dairy incomes and drag on GDP growth.

ASB chief economist Nick Tuffley said the bank ex...

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