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OCR cut signals an improving economy - but are we still in the danger zone?
Description
The official cash rate has been cut by 50 basis points, bringing it down to 4.25 percent.
This marks the third consecutive cut to the OCR since August and brings it to the lowest level since November 2022.
With inflation also dropping last month to 2.2 percent, stats show an improving economy – but low spending is sparking concerns that we aren’t out of the woods yet.
Today on The Front Page, we’re joined by Simplicity chief economist Shamubeel Eaqub to run through the numbers.
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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Chelsea Daniels
Sound Engineer/Producer: Richard Martin
Producer: Ethan Sills
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