Wednesday , 6 November 2024
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RBNZ Governor Orr says economy is lagging rate cuts, which is a concern

The Reserve Bank of New Zealand is on record as regarding two years as a reasonable time for the transmission of monetary policy into the real economy.

The first rate cut from them was in August 2024.

Governor Orr:

  • Real economy is lagging reduction in interest rates, that’s a concern

Anyway, the RBNZ, like central banks all over the globe, is staffed by wall-to-wall PhDs. What do I know?

This article was written by Eamonn Sheridan at www.forexlive.com.

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