Latest / The Kākā by Bernard Hickey
'Why we've cut the OCR so much since August'
Summary
In this conversation, Paul Conway, the Chief Economist for the Reserve Bank of New Zealand, discusses the recent cuts to the official cash rate and the underlying economic factors influencing these decisions.
He explains the dynamics of inflation in New Zealand, the impact of administered prices, and the role of government policies in shaping inflationary trends. Conway also reflects on the effectiveness of inflation targeting and explores potential alternatives to this approach.
Takeaways
* The Reserve Bank cut the official cash rate by 50 basis points due to easing inflation…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.