It’s darkest before the dawn
In a special summer mini-episode of When the Facts Change, Bernard reflects on how Adrian Orr and the RBNZ managed the official cash rate.
December 26, 20248m 43s
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Show Notes
Finally, the Reserve Bank of New Zealand started cutting interest rates this year, having moved before everyone else and stayed higher for longer than everyone else. The economy slumped significantly early in the year, remaining firmly in recession since. By August 14, Adrian Orr felt safe enough to cut 25 basis points.
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