15 Aug 2024

Economists and retailers welcome cut to OCR

From Morning Report, 7:08 am on 15 August 2024

Many economists and retailers are welcoming the first cut to the official cash rate in four years, down 25 basis points, as a relief for mortgage-holders and businesses. ANZ's chief economist, Sharon Zollner and chief executive of Retail NZ Carolyn Young spoke to Guyon Espiner.