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Markets 'relieved' following today's OCR cut - reports

Author
Newstalk ZB,
Publish Date
Wed, 14 Aug 2024, 8:02pm
Are you any good at saving? (Image / Getty Images)
Are you any good at saving? (Image / Getty Images)

Markets 'relieved' following today's OCR cut - reports

Author
Newstalk ZB,
Publish Date
Wed, 14 Aug 2024, 8:02pm

Several Kiwi businesses have expressed relief as the Reserve Bank announces cuts to the OCR.

The cash rate has been dropped 25 basis points to 5.25 percent - the first significant cut to the OCR since 2020. 

Milford Asset Management's Katlyn Parker unpacks the wider market response.

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