Πηγαίνετε εκτός σύνδεσης με την εφαρμογή Player FM !
Breaking: Reserve Bank drops the OCR
Manage episode 434094680 series 3455071
For the first time in four years the Reserve Bank has lowered its Official Cash Rate. The rate is now 5.25%, down from the 5.5% it had been at since May last year.
The Reserve Bank's target range for inflation is between one and three per cent and with the rate falling to 3.3% last month, many felt the time was right for the OCR to follow suit.
Major banks have reacted immediately, with Kiwibank and ASB lowering their interest rates minutes after the Reserve Bank announcement.
632 επεισόδια
Manage episode 434094680 series 3455071
For the first time in four years the Reserve Bank has lowered its Official Cash Rate. The rate is now 5.25%, down from the 5.5% it had been at since May last year.
The Reserve Bank's target range for inflation is between one and three per cent and with the rate falling to 3.3% last month, many felt the time was right for the OCR to follow suit.
Major banks have reacted immediately, with Kiwibank and ASB lowering their interest rates minutes after the Reserve Bank announcement.
632 επεισόδια
All episodes
×Καλώς ήλθατε στο Player FM!
Το FM Player σαρώνει τον ιστό για podcasts υψηλής ποιότητας για να απολαύσετε αυτή τη στιγμή. Είναι η καλύτερη εφαρμογή podcast και λειτουργεί σε Android, iPhone και στον ιστό. Εγγραφή για συγχρονισμό συνδρομών σε όλες τις συσκευές.