The OCR grinch has turned into Father Christmas
Kiwibank’s Jarrod Kerr returns to When the Facts Change to discuss the latest monetary policy statement, and the Reserve Bank governor’s transformation from grinch to Santa.
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Show Notes
In 2022, Reserve Bank governor Adrian Orr told Christmas shoppers to “cool your jets”, as the bank scrambled to control inflation by hiking interest rates. This week - now inflation has been beaten back down - he delivered another whopper 50-basis point rate cut in the RBNZ’s latest monetary policy statement.
Kiwibank chief economist Jarrod Kerr joins Bernard Hickey to discuss the governor’s gradual transformation from OCR grinch to Father Christmas, and how many more rate cuts we can expect to see in the new year.
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