The latest cut to the Official Cash Rate is being touted as a great opportunity for the country
The latest cut to the Official Cash Rate is being touted as a great opportunity for the country
8 August 2019
The Reserve Bank has slashed the Official Cash Rate by 50 basis points to just one percent.
Finance Minister, Grant Robertson, says the bank's governor Adrian Orr clearly wanted to get ahead of the curve.
He says as a result of the decision he made, it's a good time to invest in New Zealand, with interest rates so low.
© 2024 Newstalk ZB, NZCity