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Barry Soper: Newstalk ZB senior political correspondent on the OCR being cut by 50 basis points
Manage episode 452165273 series 2098282
Homeowners can expect some relief - as the Reserve Bank cuts the OCR down in its final update of the year.
The central bank has slashed the rate 50 basis points today - to sit on 4.25 percent.
It's now forecasting 4.1 percent by March next year, 3.6 percent by the end of next year, with an endpoint of 3.1 percent by March 2027.
ZB political correspondent Barry Soper says Governor Adrian Orr has warned this will depend on how things track - as the economy is in for a slow recovery.
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See omnystudio.com/listener for privacy information.
8642 επεισόδια
Manage episode 452165273 series 2098282
Homeowners can expect some relief - as the Reserve Bank cuts the OCR down in its final update of the year.
The central bank has slashed the rate 50 basis points today - to sit on 4.25 percent.
It's now forecasting 4.1 percent by March next year, 3.6 percent by the end of next year, with an endpoint of 3.1 percent by March 2027.
ZB political correspondent Barry Soper says Governor Adrian Orr has warned this will depend on how things track - as the economy is in for a slow recovery.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
8642 επεισόδια
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