PM suggests RBNZ make OCR decisions more often

As business confidence improves, Prime Minister Christopher Luxon wants the RBNZ to take more frequent OCR decisions.

Luxon says he wants to see interest rate reductions continue on the back of low inflation.

He made the remarks in a question-and-answer session with former National Party leader Simon Bridges after making a major speech yesterday on the Government’s economic growth plan to the Auckland Business Chamber, which Bridges now heads.

Bridges has recently made it clear he wants the Government to focus not just on fiscal issues but apply more energy to encouraging and, if necessary, incentivising growth.