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Rate relief: What comes next for the OCR?

Author
Newstalk ZB,
Publish Date
Wed, 27 Nov 2024, 5:43pm
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell

Rate relief: What comes next for the OCR?

Author
Newstalk ZB,
Publish Date
Wed, 27 Nov 2024, 5:43pm

There's questions over what will come next for the OCR after today's 50 basis point cut.

The Reserve Bank has hinted more cuts will come in the new year.

However, Infometrics Principal Economist Brad Olsen has warned this might not be the right approach.

"A lot of economic forecasters are wondering - when do we get back to those more normal and considered steps, given that the economy is already starting to show some early signs of turning around?"

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