A group of economists are throwing their weight behind a double-cut to the Official Cash Rate
A group of economists are throwing their weight behind a double-cut to the Official Cash Rate
26 November 2024
The Reserve Bank lowered the OCR from 5.25 to 4.75 in October.
NZIER's Monetary Policy Shadow Board is recommending a 50 basis point cut in tomorrow's announcement.
Senior economist Ting Huang says it makes sense because inflation's now back to within the one-to-three percent target band.
She says the economy remains pretty subdued, so it's agreed a 50-point cut is appropriate.
© 2024 Newstalk ZB, NZCity
