TMM - News

Weak inflation means negative OCR: Kiwibank

Friday 23rd of October 2020

Kiwibank economists predict a major 75bps cut to the official cash rate following weak inflation data. 

Figures show inflation came in at 0.7% in the September quarter, weaker than expected, and likely to be a concern for the central bank as it attempts to revive the economy. 

The Kiwibank team, led by Jarrod Kerr, said: "Our borders are closed, and the summer mon...

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