The Reserve Bank cut the OCR by 25 basis points to three percent today, but the markets still saw some surprises.

Today's cut was divisive, with 2 of the 6 committee members voting for a 50 basis point cut.

Remy Morgan from Milford Asset Management explained further.

LISTEN ABOVE

The Reserve Bank cut the OCR by 25 basis points to three percent today, but the markets still saw some surprises.
Today's cut was divisive, with 2 of the 6 committee members voting for a 50 basis point cut.
Remy Morgan from Milford Asset Management explained further.
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

Remy Morgan: Milford Asset Management expert on the market reactions to the OCR cut

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/042315a4-7be0-46df-b705-b33f0086d434/transcript