Breaking: Reserve Bank Drops The OCR Newsable podcast

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Breaking: Reserve Bank drops the OCR

1M ago 1:42

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For the first time in four years the Reserve Bank has lowered its Official Cash Rate. The rate is now 5.25%, down from the 5.5% it had been at since May last year.

The Reserve Bank's target range for inflation is between one and three per cent and with the rate falling to 3.3% last month, many felt the time was right for the OCR to follow suit.

Major banks have reacted immediately, with Kiwibank and ASB lowering their interest rates minutes after the Reserve Bank announcement.

… continue reading

574 episode

#Daily News #News #Stuff #News Talk #Fun Facts

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Breaking: Reserve Bank drops the OCR

12 subscribers

published 1M ago

Bagikan

MP3•Beranda episode

Konten disediakan oleh Stuff Audio. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Stuff Audio 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.

For the first time in four years the Reserve Bank has lowered its Official Cash Rate. The rate is now 5.25%, down from the 5.5% it had been at since May last year.

The Reserve Bank's target range for inflation is between one and three per cent and with the rate falling to 3.3% last month, many felt the time was right for the OCR to follow suit.

Major banks have reacted immediately, with Kiwibank and ASB lowering their interest rates minutes after the Reserve Bank announcement.

… continue reading

574 episode

#Daily News #News #Stuff #News Talk #Fun Facts

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