Michael Reddell: former Reserve Bank economist on the Reserve Bank cutting the cash rate by 25 basis points

Heather du Plessis-Allan Drive

Konten disediakan oleh NZME and Newstalk ZB. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh NZME and Newstalk ZB atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

3M ago 3:38

MP3•Beranda episode

It's the start of a significant turnaround for the economy - as the Reserve Bank slashes the OCR for the first time since 2020.

It's dropped the cash rate 25-basis points to 5.25 percent.

Former Reserve Bank economist, Michael Reddell says Governor Orr's post-announcement claims about the economy don't stack up.

"It's not as if some big event has happened externally, it's just that they badly misread what was going on in the economy - and it's pretty inexcusable."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

7823 episode

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