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26 Nov 2024 17:32
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  •   Home > News > Business

    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


    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

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