TMM - News

OCR on hold: November cut expected

Wednesday 25th of September 2019

Leading economists say today's announcement to leave the OCR unchanged was in line with expectations. The central bank left the door open to "more fiscal and monetary stimulus", however.

Economists say the decision to slash rates by 50 basis points in August made a further cut unnecessary this time around. 

Stephen Toplis, head of research at BNZ, said today&#...

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