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9 Oct 2024 17:35
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      Home > News > Business

    The Reserve Bank says inflation is in its sweet spot

    The Reserve Bank says inflation is in its sweet spot


    It's cut the Official Cash Rate by 50-basis points, from 5.25 to 4.75-percent - its second straight fall.

    It says employment conditions are continuing to soften and low productivity growth is constraining activity.

    Banks have already responded by lowering their rates.

    Herald business editor at large Liam Dann says the bank's cutting the rate because the economy's in terrible shape, but it is good news for people fixing their mortgages.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     09 Oct: A push for a change in the way nursing numbers are decided, after a health boss criticised a boost in employment
     09 Oct: The Finance Minister is predicting the latest drop in the Official Cash Rate will bring quick relief for mortgage holders
     09 Oct: Christchurch police are visiting properties, including businesses, as part of the ongoing Mount Pleasant homicide inquiry
     09 Oct: No New Zealand universities have improved in a global ranking -- and three have fallen
     09 Oct: Interest rates are expected to keep falling, but it's unclear how fast that will happen
     08 Oct: The larger the Official Cash Rate cut, the bigger the impact for people wanting a home loan
     08 Oct: A Wellington bakery's announced its three stores will all close - blaming a revenue fall-off on council road works outside one shop
     Top Stories

    RUGBY RUGBY
    The Black Ferns insist they're on the right track - less than a year out from the next Rugby World Cup More...

    BUSINESS BUSINESS
    A push for a change in the way nursing numbers are decided, after a health boss criticised a boost in employment More...


     Today's News

    		 Rugby:
    The Black Ferns insist they're on the right track - less than a year out from the next Rugby World Cup 17:27

     Entertainment:
    Nicky Hilton and James Rothschild will "never" go to bed on an argument 17:24

     Motoring:
    Former motorsport ace Greg Murphy is backing the changes made to the Supercars format next year 16:57

     Entertainment:
    Madonna has paid a heartfelt tribute to her brother following his death 16:54

     Law and Order:
    Prison's off-the-cards for the father who killed who's two teenage children died in a dangerous driving crash 16:47

     Rugby:
    Determination within the Black Ferns to use the hurt of three straight defeats to restore some pride in the jersey 16:27

     Entertainment:
    Lady Gaga is in a "new place" in her life and feels good 16:24

     Business:
    A push for a change in the way nursing numbers are decided, after a health boss criticised a boost in employment 16:17

     Business:
    The Finance Minister is predicting the latest drop in the Official Cash Rate will bring quick relief for mortgage holders 16:17

     National:
    A geomagnetic storm has hit Earth – a space scientist explains what causes them 16:07

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