This afternoon's package announcement comes on the back of yesterday's cut in the OCR
This afternoon's package announcement comes on the back of yesterday's cut in the OCR
17 March 2020
The Reserve Bank dropped it to a new record low of 0.25 per cent.
NZIER Principal Economist Christina Leung says it's about tying businesses down until this passes.
She says before the outbreak retail spending and business confidence was picking up - but the demand has since changed.
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