The Reserve Bank's being told it not only needs to start the party...it also needs to spike the punch of the economy
The Reserve Bank's being told it not only needs to start the party...it also needs to spike the punch of the economy
29 April 2020
Westpac's predicting our central bank will slash the Official Cash Rate by 75 basis points to minus 0.5 percent in November.
Herald business-editor-at-large, Liam Dann, says the Reserve Bank's previously said banks aren't ready for that, but it often changes its mind when the facts change.
He says it needs to give home and business owners a boost because otherwise, it'll be hard going.
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