OCR cuts a bright spot but economic outlook mixed for the rest of the year
The Official Cash Rate’s been cut to 4.75 percent – which is being touted as welcome news for households all over New Zealand. It’s the lowest the OCR has been in 18 months.
The Monetary Policy Committee said that annual consumer price inflation was within its 1 to 3% inflation target range and converging on the 2% midpoint.
While plenty of people are popping the champagne over this announcement, is this latest cut masking some of the other issues in the economy?
Today on The Front Page, Herald Business-editor-at-large Liam Dann joins us to discuss the stats you need to know.
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