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Jenee Tibshraeny: Was the Reserve Bank bluffing last time?

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九一星空无限talk ZB,
Publish Date
Wed, 14 Aug 2024, 7:51pm
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell
Reserve Bank Governor Adrian Orr. Photo / Mark Mitchell

Jenee Tibshraeny: Was the Reserve Bank bluffing last time?

Author
九一星空无限talk ZB,
Publish Date
Wed, 14 Aug 2024, 7:51pm

There's shock and excitement across the nation, as the Reserve Bank makes cuts to the OCR for the first time since 2020.

The Bank's slashed the cash rate by 25 basis points to 5.25 percent.

NZ Herald Wellington business editor Jenee Tibshraeny unpacks what brought this change on - and what caused Governor Adrian Orr to announce this.

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