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Adrienne Begbie: Prospa Managing Director on the impact of the latest OCR cut
Will the latest cut to the Official Cash Rate provide some much-needed stimulus to the business sector?
The central bank's cut the OCR 25 basis points to 3% and is signalling more are possible.
It's recognised unemployment is high, and businesses aren't producing as much as they could.
Prospa Managing Director Adrienne Begbie told Mike Hosking that while some people were hoping for 50, a 25 basis point cut does help a lot.
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Published on 3 months, 4 weeks ago