Kiwis could expect another cut to the Official Cash Rate before Christmas. 

The Reserve Bank has cut the OCR by 50 basis points, following a 25-basis point cut in August. 

Banks are following through with further interest rate cuts. 

ASB Chief Executive Vittoria Shortt told Mike Hosking the neutral rate is about 3.25%, so the central bank still has a way to go. 

She says it could drop another 50 basis points next month, provided inflation is back under control. 

LISTEN ABOVE 

Kiwis could expect another cut to the Official Cash Rate before Christmas.&nbsp;
The Reserve Bank has cut the OCR by 50 basis points, following a 25-basis point cut in August.&nbsp;
Banks are following through with further interest rate cuts.&nbsp;
ASB Chief Executive Vittoria Shortt told Mike Hosking the neutral rate is about 3.25%, so the central bank still has a way to go.&nbsp;
She says it could drop another 50 basis points next month, provided inflation is back under control.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Vittoria Shortt: ASB Chief Executive on the OCR dropping by 50 basis points

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a7bc526b-fde9-4d06-b584-b2040133f5dd/transcript