RBNZ’s Hawkesby alerts extra cuts forward, data-dependent tempo

• RBNZ Governor Hawkesby mentioned the subsequent two conferences are reside, with no selections but made.

• He mentioned the OCR projection troughs round 2.5%, in line with additional cuts.

• Whether or not cuts come sooner or slower will rely upon the information.

• He famous the financial institution has by no means had a four–2 vote earlier than.

• Hawkesby mentioned there’s a vary of views across the dangers to the outlook.

Here’s a fast rundown of the assertion and the minutes that I posted ealier.

And for individuals who wish to nerd out on the numbers like me, here’s a put up highlighting the important thing adjustments within the Might and August coverage stories.

This text was written by Arno V Venter at investinglive.com.