* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, July 18, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    Rough times for broadcast networks illustrate changing media landscape – New Haven Register

    Broadcast Networks Confront Turbulent Times in a Rapidly Changing Media Landscape

    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    Victorville’s new gunfire-detecting technology already making strides, city says – NBC Los Angeles

    Victorville’s New Gunfire-Detecting Technology Is Already Making a Difference, City Officials Say

    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Theater at Santa Fe’s San Isidro Plaza will be converted into IMAX, family entertainment venue – Santa Fe New Mexican

    Santa Fe’s San Isidro Plaza Theater Transforms into Exciting IMAX Family Entertainment Venue

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    B&B Theatres will open massive entertainment complex in Texas – The Business Journals

    Rough times for broadcast networks illustrate changing media landscape – New Haven Register

    Broadcast Networks Confront Turbulent Times in a Rapidly Changing Media Landscape

    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    SailGP Technologies officially launches new center of excellence in technology & innovation – Sail-World.com

    Victorville’s new gunfire-detecting technology already making strides, city says – NBC Los Angeles

    Victorville’s New Gunfire-Detecting Technology Is Already Making a Difference, City Officials Say

    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Interest rate cuts might have to wait until 2025

April 29, 2024
in Business
Interest rate cuts might have to wait until 2025
Share on FacebookShare on Twitter

Navigation for News Categories

Reserve Bank of New Zealand office and OCR text

The Reserve Bank.
Photo: RNZ

Inflation is not falling as quickly as economists expected, with one high-profile consultancy picking the next interest rate cut might not come until 2025.

Petrol prices might be partially to blame, with data from price-tracking app Gaspy showing the average cost of a litre of 91 has risen 26c so far this year to an average $2.86.

“It’s just another large cost coming through the household,” Brad Olsen from Infometrics told Morning Report on Monday.

While prices have at times in the past been higher – notably following the Russian invasion of Ukraine in early 2022 – the recent “slow climb” looks likely to continue, Olsen said, or at least stabilise – but not go down significantly.

“When we’re looking at futures markets as well, there does seem to be a little bit of downward pressure – but the markets always seem to suggest that, particularly given that globally, there’s also weaker economic growth, particularly coming out of China.

“So, you know, generally speaking in the global economy, when there’s thoughts that there’s not going to be quite as much strong global growth, there’s not quite as much extra demand for oil – and therefore oil prices don’t rise quite as much.

“We did see though in the last couple of weeks, slightly stronger data coming out of China than before, so that’s bolstered things a bit. And… we’ve now seen missile attacks between Iran and Israel directly, we’ve seen further attacks even in the last week in the Red Sea from Houthi rebels out of Yemen – all of that contributing to that geopolitical risk.

“Again, not quite at the highs that we’ve seen, which is encouraging, but… there doesn’t seem to be a lot of downside risk. It doesn’t look like petrol prices are likely to push any lower at the moment. We expect that they might well remain fairly range-bound for the next couple of months.

Brad Olsen

Brad Olsen.
Photo: RNZ / Samuel Rillstone

“It might edge up a bit. You might see a few weeks where edges down, but in general, not a lot of relief for people coming forward.”

With the economy in recession – as the Reserve Bank planned – some economists were asking, why is inflation not coming down faster?

“Who’s doing the spending?” Olsen said. “And we know actually from the numbers that the spending isn’t great. And so the question now becomes, who out there in the economy is still lifting prices when their business is obviously not seeing the same levels of growth?

“The question we’re trying to figure out now is, is it just a bit of a delayed effect? It takes a while for that stuff to come through. Or is it that we’ve got some quite thorny issues still in inflation – the likes of rents going higher, the likes of insurance that might be keeping things too high?”

Another possible cause was cash-rich Baby Boomers spending to tick items off their bucket lists.

Unemployment and wage cost data due this week should make the situation clearer, Olsen said.

With the economy in recession, unemployment tipped to rise (some of that the result of the government’s directive to slash spending) and petrol prices high, some economists have questioned the Reserve Bank’s aggressive push to get inflation down the 1-3 percent target range.

Olsen disagreed.

“Only because if it’s going to be tough to get from 4 percent to 3 percent, the fact that we’re targeting 2 percent is going to be pretty tough as well. My issue with changing the inflation target is that we’ve told people, we’ve told the public for the last 30 years that we’re targeting that 2 percent mark. And to move away from that, I’d go, well, look, if it’s that hard and you move the goalposts all the time, then why stop at three? Why stop at four? Just keep going.

“You’ve got a target, you’ve got to stick to it – the minute you give up the target, you sort of give up the ghost on inflation.”

Get the RNZ app

for ad-free news and current affairs

Download from Apple App Store
Download from Google Play Store

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/515446/interest-rate-cuts-might-have-to-wait-until-2025-economist

Tags: businessEconomistInterest
Previous Post

Alliance asks farmers to help raise share capital in bid to stay farmer-owned

Next Post

Ex-McKinsey partner sues firm, claims he was made opioids ‘scapegoat’

‘I just couldn’t stop crying’: How prison affects Black men’s mental health long after they’ve been released – The Conversation

I Just Couldn’t Stop Crying’: The Lasting Impact of Prison on Black Men’s Mental Health

July 18, 2025
Democrats are making 2028 moves. Here’s what to know – CNN

Democrats Gear Up for 2028: Essential Insights to Navigate the Road Ahead

July 18, 2025
Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

Simpson College to purchase medical simulation technology with grant funds – Iowa Capital Dispatch

July 18, 2025
With Myles Garrett and T.J. Watt deals in rearview, it’s time for Cowboys to extend Micah Parsons – Yahoo Sports

With Myles Garrett and T.J. Watt deals in rearview, it’s time for Cowboys to extend Micah Parsons – Yahoo Sports

July 18, 2025
Ecology proposes to fund 102 clean water projects across the state – Department of Ecology State of Washington (.gov)

Ecology to Fund 102 Clean Water Projects Across the State

July 18, 2025
Connecticut science teacher makes Guinness Book of World Records for nearly 55-year career – CT Insider

Connecticut science teacher makes Guinness Book of World Records for nearly 55-year career – CT Insider

July 18, 2025
Dinosaur fossil found underneath a Denver museum’s parking lot – CNN

Dinosaur fossil found underneath a Denver museum’s parking lot – CNN

July 18, 2025
The best lifestyle change to improve heart health? Quitting smoking – UKNow

Transform Your Heart Health: Quit Smoking Today for Lasting Benefits!

July 18, 2025
For one hour, investors got a taste of a new world where the Fed is run by a ‘stooge’—and they hated every minute of it – Fortune

For one hour, investors got a taste of a new world where the Fed is run by a ‘stooge’—and they hated every minute of it – Fortune

July 18, 2025
Ukraine Reshuffles Cabinet With Wartime Economy Struggling – Bloomberg.com

Ukraine Overhauls Cabinet Amid Struggles of Wartime Economy

July 18, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (726)
  • Economy (749)
  • Entertainment (21,635)
  • General (15,961)
  • Health (9,788)
  • Lifestyle (757)
  • News (22,149)
  • People (751)
  • Politics (760)
  • Science (15,967)
  • Sports (21,247)
  • Technology (15,732)
  • World (733)

Recent News

‘I just couldn’t stop crying’: How prison affects Black men’s mental health long after they’ve been released – The Conversation

I Just Couldn’t Stop Crying’: The Lasting Impact of Prison on Black Men’s Mental Health

July 18, 2025
Democrats are making 2028 moves. Here’s what to know – CNN

Democrats Gear Up for 2028: Essential Insights to Navigate the Road Ahead

July 18, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version