Economics
RBNZ Could Cut in February if Needed, Deputy Governor Says
- Economy is ‘near a turning point,’ Bascand says in interview
- No need to get anxious over short-term inflation expectations
Outside the Reserve Bank of New Zealand (RBNZ) building in Wellington, New Zealand.
Photographer: Birgit Krippner/BloombergThis article is for subscribers only.
New Zealand’s central bank could cut interest rates as soon as February if signs of an expected economic pickup fail to materialize, Deputy Governor Geoff Bascand said.
“We actually think the economy is somewhere near a turning point,” Bascand said in an interview in Wellington on Thursday. “We’ve put a lot of stimulus in. We’ve got a bit longer to see how it’s transmitting. There’s time to see how that plays out and make a call in February if needed.”