Vittoria Shortt: ASB Chief Executive on the OCR dropping by 50 basis points

The Mike Hosking Breakfast - Un pódcast de Newstalk ZB - Martes

Kiwis could expect another cut to the Official Cash Rate before Christmas.  The Reserve Bank has cut the OCR by 50 basis points, following a 25-basis point cut in August.  Banks are following through with further interest rate cuts.  ASB Chief Executive Vittoria Shortt told Mike Hosking the neutral rate is about 3.25%, so the central bank still has a way to go.  She says it could drop another 50 basis points next month, provided inflation is back under control.  LISTEN ABOVE See omnystudio.com/listener for privacy information.

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