RBNZ governor reiterates further easing ‘seems likely’
Central bank has cut OCR by 75bp since June
The Reserve Bank of New Zealand (RBNZ) is "conscious" of the impact low interest rates can have on housing demand and, in turn, inflation, governor Graeme Wheeler said today (October 14), but reiterated "some further easing... seems likely".
Since June, the RBNZ has cut its key rate by 75 basis points to 2.75% and, despite the fact "recent economic indicators have been more encouraging", Wheeler expects to cut further.
The RBNZ remains concerned about some activity in the housing market
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