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OCR: Will the RBNZ continue to cut rates?

Author
Newstalk ZB,
Publish Date
Tue, 20 Aug 2024, 8:43pm
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell

OCR: Will the RBNZ continue to cut rates?

Author
Newstalk ZB,
Publish Date
Tue, 20 Aug 2024, 8:43pm

Homeowners have been able to breathe a sigh of relief following the Reserve Bank's decision to cut the OCR.

The cash rate was cut by 25 basis points after their August meeting, down to 5.25 percent. 

HSBC chief economist Paul Bloxham explains that the RBNZ had to meet expectations to keep the economy in check.

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