Forex News NZ consumers deeply pessimistic as high interest rates, rising fuel, food prices continue to bite; gives one more reason for RBNZ to cut rates, if not at Thursday's meeting then certainly in September. One News-Colmar Brunton Poll shows 55% of respondents believe economy will be in worse shape over next 12 months vs 53% in June poll; percentage of those expecting economy to be better off 28%, unchanged from previous poll. Survey adds to raft of grim economic data, more evidence of sharp slowdown, offers another reason for RBNZ to start cutting interest rates soon, perhaps as early as Thursday, certainly by September.
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