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Nick Tuffley: ASB Chief Economist ahead of the final Official Cash Rate announcement of 2025
Published 5 months, 1 week ago
Description
Another cut to the Official Cash Rate is expected today but it could be the last for a long time.
The Reserve Bank's reviewing the OCR at 2pm.
Most economists expect the cash rate to be cut 25-basis-points to 2.5%.
ASB Chief Economist Nick Tuffley told Ryan Bridge they expect the Reserve Bank to keep the door wide open to taking further action next year if needed.
He says it will be wanting to use the three-month closedown period to really gauge whether it’s needed.
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