Claims a drop in interest rates is a double-edged sword
Claims a drop in interest rates is a double-edged sword
8 August 2019
The Reserve Bank has knocked 50 points off the Official Cash Rate, dropping it to just one percent.
Auckland Chamber of Commerce CEO, Michael Barnett, says that means lower overheads and costs for businesses.
But he says it's a conversation people aren't used to.
Barnett says business owners will be moving cautiously, which could slow the economy down.
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