Andrew Dickens: The Reserve Bank can't wait around any longer to cut the OCR

Early Edition with Ryan Bridge · Feb 19, 2025 · 1m · transcript

So yesterday I outlined the reasons why the Reserve Bank might not cut interest rates.

I got that wrong.

They chopped the rate by the expected half a percent with immediate relief for mortgage holders.

What we try to do with the Reserve Bank is read behind the lines and figure out what they freely mean for our day-to-day life.

This is what I think they’re saying, times have been tough.

But you’ve been sitting on that couch for 15 years.

You wanted to replace it 5 years ago, but everything went so crazy that you called tai hoa until times were better.

The Reserve Bank then says times are as…