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ASB economists say the latest gloomy business confidence survey means the Reserve Bank will need to cut interest rates two more times this year- with a cut in August now "a done deal."
"With economic momentum continuing to slow, we now expect the RBNZ will cut the OCR twice more, in August and November, bringing the Official Cash Rate (OCR) to 1 per cent," ASB economist Jane Turner said.
https://www.nzherald.co.nz/business/...ljw8wGfOPUy6Fo
Looking like 2 further rate cuts, expect to see continued rises in CEN, MEL, GNE, MCY, TPW
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