Jack Tame: Bring on 50 basis points
I went for a walk along K Road the other night and saw something I hadn't seen in the longest time: A new restaurant.
I didn't even step inside but it felt like a drink of cold water for a parched man in the desert. When was the last time I saw one of those?
It is, of course, a rarity. And hardly a sign that the entire economy is ready to take off. The number of new restaurants in that part of town is still comfortably outnumbered by the number of 'For Lease' signs.
But as the Reserve Bank prepares for tomorrow's call on the OCR, two things give me optimism that they'll be leaning more…
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