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‘A big move’: Rabobank responds to Reserve Bank cutting OCR

Author
Newstalk ZB,
Publish Date
Thu, 15 Aug 2024, 4:27pm
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell

‘A big move’: Rabobank responds to Reserve Bank cutting OCR

Author
Newstalk ZB,
Publish Date
Thu, 15 Aug 2024, 4:27pm

One leading economist has expressed surprised at the Reserve Bank's latest announcement.

The Bank has slashed the Official Cash Rate by 25 basis points to 5.25 percent.

Rabobank senior economist Ben Picton joined The Country's Jamie Mackay to discuss further.

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