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Interest rates relief almost certain tomorrow but economic jury out of more cuts this year with labour market still tight
Borrowers paying down steep mortgages are likely to get some extra relief with the Reserve Bank poised to cut official interest rates at tomorrow's board meeting. That would make the second rate cut this year after 13 rate hikes since May 2022 to tame inflation. But economic jury's out on how many more cuts we'll see later this year.
Reporter: Peter Ryan, Senior Business Correspondent
Featured: Besa Deda, chief economist, William Buck
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By Peter RyanBorrowers paying down steep mortgages are likely to get some extra relief with the Reserve Bank poised to cut official interest rates at tomorrow's board meeting. That would make the second rate cut this year after 13 rate hikes since May 2022 to tame inflation. But economic jury's out on how many more cuts we'll see later this year.
Reporter: Peter Ryan, Senior Business Correspondent
Featured: Besa Deda, chief economist, William Buck