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21 Jun 2024 10:52
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  •   Home > News > Business

    The Reserve Bank is predicting monetary policy will have to stay tight

    The Reserve Bank is predicting monetary policy will have to stay tight


    The bank's kept the Official Cash Rate at 5.5 percent, as largely expected by economists.

    It says interest rates are bringing inflation down and the Consumers Price Index, which measures the rate of price changes - is expected to return to the desired one-to-three percent range by year's end.

    The bank's forecasting a delay in interest rate cuts.

    It says the Government Budget will also affect its decisions - because it remains to be seen if there'll be changes to government or public spending because of tax cuts.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Living & Travel:
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    Entertainment:
    Jade Thirlwall has created a new brand in order to sell cosmetics, candles, clothing and accessories 10:46

    National:
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    Living & Travel:
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    Business:
    No costing, no clear timelines, no easy legal path: deep scepticism over Dutton’s nuclear plan is warranted 10:27

    Law and Order:
    Human remains found in Hamilton have been determined to be pre-European 10:27

    National:
    Does Israel really want to open a two-front war by attacking Hezbollah in Lebanon? 10:17

    Entertainment:
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    National:
    Jewish critics of Zionism have clashed with American Jewish leaders for decades 10:07

    International:
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