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.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

Acceleration of expressway will be transformative for Northland economy says EMA
The Warehouse Group - Proposed Scheme of Arrangement
The Warehouse Group - Proposed Scheme of Arrangement
Winton announces timing of its Annual Results
Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report