Nick Tuffley: ASB Chief Economist says that the OCR will likely continue to be cut in the wake of the GDP slump

Early Edition with Ryan Bridge

Indhold leveret af NZME and Newstalk ZB. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af NZME and Newstalk ZB eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

2M ago 3:12

MP3•Episode hjem

There are expectations that cuts to the Official Cash Rate are now going to keep on coming.

Yesterday's Stats NZ figures show our GDP contracted 0.2% in the three months to June.

In the March quarter, 0.1% growth was recorded.

ASB Chief Economist Nick Tuffley says the numbers show inflation's falling within the Reserve Banks expectations.

He told Ryan Bridge they're now going to continue cutting the OCR to get it from 5.25% to around 3%.

Tuffley says if they cut a quarter every meeting, we'll reach that target by October next year.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

3339 episoder

#New Zealand Current Affairs #NZME #Newstalk ZB #News #New Zealand