Vittoria Shortt: ASB Chief Executive on the OCR dropping by 50 basis points
The Mike Hosking Breakfast - A podcast by Newstalk ZB - Mondays
Kiwis could expect another cut to the Official Cash Rate before Christmas. The Reserve Bank has cut the OCR by 50 basis points, following a 25-basis point cut in August. Banks are following through with further interest rate cuts. ASB Chief Executive Vittoria Shortt told Mike Hosking the neutral rate is about 3.25%, so the central bank still has a way to go. She says it could drop another 50 basis points next month, provided inflation is back under control. LISTEN ABOVE See omnystudio.com/listener for privacy information.
