The Australian economy is proving resilient, with high demand for goods and services, no anticipation of imminent interest rate cuts, and Aussies feeling more optimistic about their jobs and property market than Kiwis. Meanwhile two of the world’s biggest economies – the US and China – have started cutting interest rates, after NZ, yet the Reserve Bank of Australia remains firmly on hold. Milford Portfolio Manager Katlyn Parker talks to Ryan Bridge about the factors contributing to New Zealand’s economic situation, and what we could expect from the RBNZ at its meeting next week.

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