Vittoria Shortt: ASB Chief Executive on the OCR dropping by 50 basis points
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
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.
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