New Zealand's central bank held interest rates steady on Wednesday but said...
WELLINGTON - New Zealand’s central bank held interest rates steady on Wednesday but said further cuts to borrowing costs may be needed given growing economic risks at home and abroad.
“The global economic outlook has weakened, and downside risks related to trade activity have intensified,” the RBNZ said. “Given the tone of this statement from the RBNZ, we remain of the view that the RBNZ will most likely cut the OCR in August,” said Westpac Chief Economist Dominick Stephens. Minutes of the RBNZ review released along with the statement showed policymakers discussed whether to cut at the meeting and decided that more monetary easing was “likely to be necessary” over time.
Sino-U.S. trade tensions as well as softening domestic housing and immigration growth have put pressure on New Zealand’s economy.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All of Ed Sheeran's TV & Movie Appearances, From a New Zealand Soap Opera to 'Game of Thrones'Following Ed Sheeran's cameo as a Lannister solider in the Season 7 premiere of 'Game of Thrones,' check out five other times when the singer-songwriter has taken to the big (or small) screen, from soap operas to sitcoms and even a feature film.
Read more »
Aldous Harding Performs Serene New Song on ‘Fallon’New Zealand folk singer Aldous Harding made her TV debut on FallonTonight, performing her new song “The Barrel.' Watch here
Read more »
The New York Times' Rukmini Callimachi on DMing Terrorists and Reporting While PregnantRukmini Callimachi's episode of 'The Weekly,' a documentary-style series from The New York Times, is now available on Hulu. The segment, filmed while Callimachi was five months pregnant, follows her trip to Tajikistan to meet with a foreign fighter for ISIS named Hussein Abdusamadov.
Read more »
The New Pornographers Set Fall Tour, Promise New MusicThe New Pornographers are returning this fall with a 14-date tour.
Read more »
Rickey Thompson Lands a New Salesperson Job in Alexander Wang's New VideoAlexander Wang taps Rickey Thompson to star as a salesperson in a parody infomercial for the Alexanderwang.T Wash n Go collection.
Read more »
The New York Times' Rukmini Callimachi on DMing Terrorists and Reporting While PregnantRukmini Callimachi's episode of 'The Weekly,' a documentary-style series from The New York Times, is now available on Hulu. The segment, filmed while Callimachi was five months pregnant, follows her trip to Tajikistan to meet with a foreign fighter for ISIS named Hussein Abdusamadov.
Read more »