Apr 1, 2008

National Bank Predicting Cut In Interest Rates Within 5 Months

The Dominion Post has the detail of the National Bank business confidence survey and an analysis of its implications. This includes a prediction that "The Reserve Bank is likely to start big interest rate cuts as soon as September, and the kiwi dollar may fall sharply by as much as US10c, after a dismal business confidence survey".

The Hive believes that a cut in interest rates this year will be essential to keep the economy growing.