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Christian Hawkesby: Acting Reserve Bank Governor on the OCR cut, future developments

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Manage episode 485492620 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Don't bank on further cuts to the Official Cash Rate.

The Reserve Bank's dropped the OCR 25 basis points to 3.25%, and is now forecasting it could reach a low of 2.9% by the end of the year.

But Governor Christian Hawkesby says further cuts aren't guaranteed.

He told Mike Hosking they're taking things one step at a time, as they wait to see how global developments affect the economy and inflation.

Hawkesby says the OCR is now close to "neutral" and the Reserve Bank's next move won't be pre-programmed, it will depend on how things unfold.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7150 episodes

Artwork
iconShare
 
Manage episode 485492620 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Don't bank on further cuts to the Official Cash Rate.

The Reserve Bank's dropped the OCR 25 basis points to 3.25%, and is now forecasting it could reach a low of 2.9% by the end of the year.

But Governor Christian Hawkesby says further cuts aren't guaranteed.

He told Mike Hosking they're taking things one step at a time, as they wait to see how global developments affect the economy and inflation.

Hawkesby says the OCR is now close to "neutral" and the Reserve Bank's next move won't be pre-programmed, it will depend on how things unfold.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7150 episodes

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