Will the Reserve Bank really raise rates again in 2024? And will we really have to wait until mid-2025 for the first rate cut? I don't believe either of these things that RBNZ said last week it wants us all to believe.Thanks for reading Jenny Ruth's Just the Business! Subscribe for free to receive new posts and support my work.
I'm picking in 2024 RBNZ will imply 'surprise' at how quickly inflation falls, justifying a change in their stance and announcing small OCR rate cut/s they will likely say is "because we did such a great job taming inflation". No credit though to the millions of kiwis doing it tough who have curbed their spending on essentials.
I'm picking in 2024 RBNZ will imply 'surprise' at how quickly inflation falls, justifying a change in their stance and announcing small OCR rate cut/s they will likely say is "because we did such a great job taming inflation". No credit though to the millions of kiwis doing it tough who have curbed their spending on essentials.
Oil Oil Oil, the most important of all.