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Time For Reserve Bank To Act
Time For Reserve Bank To Act
The latest Quarterly Survey of Business Opinion, alongside latest data on housing, retail sales, job advertisements, and export returns mean that the Reserve Bank needs to cut the official cash rate in April rather than wait until June, the Council of Trade Unions said today.
“The effect of SARS, the Iraq War, and the global economic outlook are further reasons for a cut in interest rates,” said CTU Economist Peter Conway.
“Most are expecting cuts in interest rates during
the year, but it is important that the Reserve Bank does not
wait too
long.”
New Zealand Council of Trade Unions
Te Kauae Kaimahi
The New Zealand Council of Trade Unions Te Kauae Kaimahi brings together over 350,000 New Zealand union members in 40 affiliated unions. We are the united voice for working people and their families in New Zealand.
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