Today's 50 basis point OCR cut could go some way to getting our economy growing again.

The Reserve Bank's slashed the cash rate to 2.5 percent.

ANZ has lowered its floating and flexible rates, on top of all major banks already lowering fixed term offerings.

Kiwibank chief economist, Jarrod Kerr, says he's been calling for a 2.5 percent cash rate for two years.

"We knew it needed to go below neutral, which is three, and we needed to get some stimulus into the economy to really ignite the recovery."

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Today's 50 basis point OCR cut could go some way to getting our economy growing again.
The Reserve Bank's slashed the cash rate to 2.5 percent.
ANZ has lowered its floating and flexible rates, on top of all major banks already lowering fixed term offerings.
Kiwibank chief economist, Jarrod Kerr, says he's been calling for a 2.5 percent cash rate for two years.
"We knew it needed to go below neutral, which is three, and we needed to get some stimulus into the economy to really ignite the recovery."
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

Jarrod Kerr: Kiwibank Chief Economist on the Reserve Bank cutting the OCR by 50 basis points

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0c51f111-87b1-4a7d-af92-b3700053e617/transcript