Patience is the word from the Reserve Bank when it comes to the economy
Patience is the word from the Reserve Bank when it comes to the economy
25 February 2021
It's decided to keep the Official Cash Rate at 0.25 percent.
Bagrie Economics managing director, Cameron Bagrie, says it was fully anticipated and we shouldn't expect interest rates to rise any time soon.
He says the Reserve Bank is going to be patient.
Bagrie says it's making sure the economy's fully back on track and we're back at full employment before it considers lifting interest rates.
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