The Official Cash Rate and a monetary policy statement: action from the Reserve Bank due today. Photo:/Mark Mitchell.
The Official Cash Rate and a monetary policy statement: action from the Reserve Bank due today. Photo:/Mark Mitchell.
What's happening in the world of business, finance and economics today? We have the latest business, markets, currency and personal finance news, opinion and financial market reports
1. Reserve Bank Official Cash Rate and a monetary policy statement are due today. A press conference is also due to be held at10am today. Expectations are that the Reserve Bank will probably leave its policy rate on hold at 1.75 per cent, after cutting it to this level in May. The unexpected surge in GDP in the first quarter means that there is no need for the bank to cut the rate at today's meeting. But expecatations are that the rate will be cut to 1.5 per cent in August and eventually to 1 per cent next year.
2. Awards The Young Enterprise Business Hall of Fame Awards will be announced in the Great Room, Langham Hotel, 83 Symonds St in Auckland.
3. Economy Hub Business Herald editor at large, Liam Dann will present the latest in his weekly video series. He is talking to EY partner David Snell and Craig's Investment Partners' head of research, Mark Lister.
4. Supreme Court The case between Skinner and Rowley is due to go to appeal. It concerns two Wellington accountants, jailed for fraud.
