-
RBNZ's Wheeler opens door for more rate cuts
Reserve Bank governor Graeme Wheeler has opened the door for further interest rate cuts as a worldwide oil glut depresses petrol prices and looks set to keep inflation outside the bank's target band for longer than expected. The kiwi dollar fell. Wheeler kept the official cash rate at 2.5 percent, saying monetary policy will need to stay loose as inflation takes longer to pick up. Government figures last week showed the consumer prices index was dragged down by cheap fuel, rising just 0.1 percent in 2015. Since then oil prices have dropped to 13-year lows, and Wheeler today said he will continue to monitor the flow ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 27, 2016 3:54pm Jan 27, 2016 3:54pm
- chadcam
- | Joined Apr 2015 | Status: Member | 17 Comments
- Comment #2
- Quote
- Jan 27, 2016 5:42pm Jan 27, 2016 5:42pm
- stelis68
- | Joined Sep 2011 | Status: Member | 2 Comments
- Comment #3
- Quote
- Jan 28, 2016 12:05am Jan 28, 2016 12:05am
- Guest
- | IP XXX.XXX.15.124