Sharechat Logo

More interest rate changes unlikely

Thursday 12th August 2010

Text too small?

Reserve Bank Governor Alan Bollard is now very unlikely to bump up its official cash rate any more this year, according to Deutsche Bank.

"It now seems most likely that further policy normalization will be suspended until the beginning of next year," said chief economist Darren Gibbs.

US economists have significantly cut their growth forecasts for the second half of the year, the Bank of England has downwardly revised the UK's growth outlook and the global outlook has deteriorated since June he said.

"For now we are factoring that the OCR will end the year at 3%, moving up to 4% by the middle of next year.

Businesswire.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report