The Reserve Bank's outgoing Governor says New Zealand's economy may be doing better than we realise.

The central bank has cut the OCR 25 basis points today - to 2.25 percent.

Christian Hawkesby says the economy already appears to be recovering from this year's downturn.

He says what's unclear - is its pace.

"The recovery could be faster and stronger than we expect, because we have cut interest rates a long way and it could really start coming through quite quickly."

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The Reserve Bank's outgoing Governor says New Zealand's economy may be doing better than we realise.
The central bank has cut the OCR 25 basis points today - to 2.25 percent.
Christian Hawkesby says the economy already appears to be recovering from this year's downturn.
He says what's unclear - is its pace.
"The recovery could be faster and stronger than we expect, because we have cut interest rates a long way and it could really start coming through quite quickly."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Christian Hawkesby: Reserve Bank Governor on whether Kiwis can expect more rate cuts next year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4933ecd5-5dd2-4367-9c5a-b3a1004e7f45/transcript