))
Liam Dann: NZ Herald Business Editor on the OCR being cut by 50 basis points to 4.75%
Manage episode 444258591 series 3382884
Innhold levert av NZME and Newstalk ZB. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av NZME and Newstalk ZB eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
The Official Cash Rate has been cut to 4.75%.
The Reserve Bank's lowered it by 50-basis points from 5.25% in a move predicted by economists.
The bank says inflation's within its 1-3% target range and is converging on the 2% midpoint.
It says economic activity is subdued, with weak business investment and consumer spending.
Herald business editor at large Liam Dann told Matt Heath and Tyler Adams it's good news for borrowers.
He says it's money in the pocket for mortgage holders and for businesses struggling with high debt.
Banks have already begun cutting their home loan and lending rates.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
1051 episoder
Del
