Reserve Bank of New Zealand Deputy Governor Bascand
- RBNZ needs 3% economic growth to meet inflation target
- Economy growing less than potential rate of 2.8%
Stick those two comments together and you get a recipe for further cuts from the Bank. No?
More:
- Capacity pressures in the economy will ease
- Nobody here is talking gloom
- Watching data, budget to assess if 2nd rate cut needed.
His further comments indicate the 'No' may come from fiscal stimulus on the budget.
