Robert MacCulloch: Auckland University economics professor warns against cutting the OCR
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
An economics expert says cutting the Official Cash Rate is unwarranted.
The Reserve Bank is set to release its first 2025 OCR decision on Wednesday.
Many economists are predicting a 50 basis point cut - from 4.25 percent to 3.75.
Auckland University economics professor Robert MacCulloch says the bank's only meant to focus on inflation, which is already on target.
"They're not looking at the inflation rate - it's exactly at 2 percent. But they're panicking about the state of the economy, that's the truth. I think that's what's going on."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.