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There s division between the banks, over what we can expect from interest rates this year - 21-Feb-2024

There s division between the banks, over what we can expect from interest rates this year - 21-Feb-2024
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Kelly eckholdEconomist kelly eckhold

Westpac Economic Overview, February 2024 – Staying The Course

Westpac has just released its latest Economic Overview. Overall growth outlook “2024 looks set to be a year where households and businesses hunker down, and where the Reserve Bank stays the course by maintaining high interest rates to ensure inflation .

New zealandKelly eckholdWestpac economic overviewStaying the coursewednesdayReserve bankChief economist kelly eckholdEconomic overviewOfficial cash rate

There s division between the banks, over what we can expect from interest rates this year - 21-Feb-2024

Kelly eckholdEconomist kelly eckhold

Kiwi slips as rate-hike talk ebbs, Aussie struggles on mixed data

The New Zealand dollar slipped on Tuesday after an easing in inflation expectations trimmed some of the bets around a possible rate hike, while the Australian dollar struggled amid mixed local data. .

Hong kongNew zealandNew south walesKelly eckholdShri navaratnamFederal reserveWestpac new zealandStella qiu editing

Summer data steers markets away from OCR cuts

Traders and economists are losing hope that interest rate cuts could occur in the first half of 2024 after discouraging data updates

United statesJerome powellKelly eckholdPaul conwayThen the reserve bankReserve bankConsumers price indexGross domestic productChief economistFederal reserve jerome powellOfficial cash rate