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Liam Dann: NZ Herald Business Editor on the OCR cut, inflation
Published 8 months, 1 week ago
Description
The Reserve Bank's continuing to walk a fine line, with its move to cut the OCR 50-basis points to 2.5%.
Economic data suggests inflation has now hit 3%.
Finance Minister Nicola Willis is blaming rising rates, saying they’re having a disproportionate impact on overall inflation, whereas other sectors are stabilising.
NZ Herald Business Editor Liam Dann told Kerre Woodham we almost seem to be in a self-fulfilling negative spiral.
He says we should be feeling better, but we aren't, and then we start questioning ourselves and the economy.
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