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

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.

2M ago 3:12

MP3•Beranda episode

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.

3345 episode

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