RBNZ deputy governor Bascand: Watching data, budget to assess if 2nd rate cut needed

RBNZ deputy governor Bascand has said that the RBNZ needs 3% economic growth to meet the inflation target.

• Watching data, budget to assess if 2nd rate cut needed;
• Economy growing at less than potential rate of 2.8%;
• Capacity pressures in economy will ease;
• Nnobody's talking gloom here,' economy still healthy.