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Gareth Kiernan: Infometrics Chief Forecaster hopeful the Reserve Bank will cut rates in February

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Manage episode 462391600 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Confidence another substantial Official Cash Rate cut's on the cards, with today's figures showing inflation is still under control.

Stats NZ says the rate for the year to December remained unchanged at 2.2 percent.

Inflation is well down from the 2022 high of 7.3 percent, but still higher than the 1.5 percent reached in 2021.

Infometrics Chief Forecaster Gareth Kiernan says he's confident the Reserve Bank will slice 50 basis points from the OCR in February.

"Non-tradeable inflation is still coming down - there's risks on the tradeable side, but I don't think there's enough there to sway the Reserve Bank towards going with a smaller 25 point cut."

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8512 episodes

Artwork
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Manage episode 462391600 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Confidence another substantial Official Cash Rate cut's on the cards, with today's figures showing inflation is still under control.

Stats NZ says the rate for the year to December remained unchanged at 2.2 percent.

Inflation is well down from the 2022 high of 7.3 percent, but still higher than the 1.5 percent reached in 2021.

Infometrics Chief Forecaster Gareth Kiernan says he's confident the Reserve Bank will slice 50 basis points from the OCR in February.

"Non-tradeable inflation is still coming down - there's risks on the tradeable side, but I don't think there's enough there to sway the Reserve Bank towards going with a smaller 25 point cut."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

8512 episodes

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