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28 Nov 2024 11:52
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      Home > News > Business

    A tale of two economies, for now

    A tale of two economies, for now


    The Reserve Bank is forecasting more OCR cuts next year, sooner than previously expected, after yesterday's 50-basis point cut to 4.25 percent.

    But Governor Adrian Orr says growth remains weak, globally.

    Former Finance Minister Steven Joyce says there are green shoots in the economy, but they're confined to specific sectors like commercial property, dairy, kiwifruit and the tech sector.

    He says big-employing industries like service and retail have been flat as a pancake, alongside residential property and construction.

    © 2024 Newstalk ZB, NZCity

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     28 Nov: The Reserve Bank remains concerned about domestic inflation, as it points to more OCR cuts next year following the latest 50 basis point cut
     28 Nov: First home buyers need easier access to finance and the ability to co-share home loans: inquiry
     27 Nov: Don't expect a return to the very low interest rates seen in the past decade
     27 Nov: The Reserve Bank says the economy should recover next year, although it won't feel that way to many
     27 Nov: What to consider before opening a joint bank account, and why fewer couples are
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     Today's News

    		 Entertainment:
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     Living & Travel:
    Deleted reviews show backpackers tried to warn others about hostel at the centre of methanol poisoning scandal 11:17

     Entertainment:
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     Soccer:
    Liverpool's returned to the top of the Champions League football ladder after five rounds - after a 2-nil home win over Real Madrid 11:07

     Rugby:
    A return to rugby coaching in New Zealand for Brad Mooar 10:47

     Soccer:
    Manchester United great Ruud van Nistelrooy appears set to become the new manager of Premier League strugglers Leicester City 10:47

     Entertainment:
    Will Ferrell believes laughter is key to a happy marriage 10:41

     Health & Safety:
    Results on water samples from Waikato River and water treatment plants are expected today 10:37

     Business:
    A banana duct-taped to a wall has sold for £4.9 million – part of the evolving relationship between art and finance 10:37

     Law and Order:
    Police are still racking up arrests - enforcing the gang patch law 10:26

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