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3 May 2024 7:12
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      Home > News > Business

    A prediction yesterday's GDP announcement will prompt action on the OCR from the Reserve Bank

    A prediction yesterday's GDP announcement will prompt action on the OCR from the Reserve Bank


    GDP fell 0.1 percent in last year's final quarter, pushing New Zealand into a technical recession.

    Betashares Chief Economist David Bassanese says the higher OCR has slowed the economy down and started to tame inflation.

    He says there could be quite dramatic shifts in the OCR.

    Bassanese is expecting four, 25 point cuts, in the second half of the year.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     02 May: Nelson City Council-owned properties at risk from landslips, are up for sale
     02 May: An independent review has found the buck stops with NZQA, for the problems with multiple digital exams
     02 May: The unemployment rate's the highest it's been in three years
     01 May: Crusaders coach Rob Penney's confirmed David Havili's switch to first-five has been backed by All Blacks management and is far from a stop-gap measure
     Top Stories

    RUGBY RUGBY
    The Black Ferns are set to go head-to-head with England at London's Twickenham More...

    BUSINESS BUSINESS
    Designers can't commit to the country's biggest fashion showcase this year More...


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