The Federal Reserve and the Reserve Bank of New Zealand (RBNZ) are taking cautious approaches to interest rate cuts, emphasizing the need to ensure inflation targets are met before making any changes. The Federal Reserve stated it will not consider rate cuts until there is greater confidence that price increases are sustainably slowing to its 2% target. Similarly, the OECD advised the RBNZ to avoid easing policy until it is certain that inflation will return to its target level. Additionally, the OECD released its 2024 Economic Survey of New Zealand, recommending that any tax cuts should be fully funded and urging the New Zealand government to control spending.
The RBNZ has limited scope to cut interest rates this year and shouldn’t ease policy until it’s sure inflation will return to target, according to the OECD https://t.co/2ZxT7mCxHm
The RBNZ has limited scope to cut interest rates this year and shouldn’t ease policy until it’s sure inflation will return to target, according to the OECD https://t.co/5I0ATytVv4
OECD: NEW ZEALAND GOVERNMENT MUST CONTROL SPENDING
OECD: RBNZ HAS LIMITED ROOM TO CUT RATES THIS YEAR
OECD RELEASES ECONOMIC SURVEY OF NEW ZEALAND 2024
OECD: NEW ZEALAND TAX CUTS SHOULD BE FULLY FUNDED
OECD: RBNZ MUST ENSURE INFLATION REACHES 2% BEFORE CUTTING RATES
Federal Reserve said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing sustainably to its 2% target. https://t.co/fSRuiGQfhv