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OCR's flow-on effect for exporters

Author
Michael Sergel,
Publish Date
Fri, 12 Sept 2014, 9:33am

OCR's flow-on effect for exporters

Author
Michael Sergel,
Publish Date
Fri, 12 Sept 2014, 9:33am

Some good news for exporters, following the latest announcement from the Reserve Bank.

The central bank has kept the OCR unchanged at 3.5 percent.

Business correspondent Kerry Porter told Newstalk ZB's Mike Hosking that's led to a volatile 24 hours for the dollar.

"Exporters generally should be pretty happy with the reactions that we have seen over that 24 hour period, the dollar coming under a bit of selling pressure yesterday and there's not just about a statement from the Reserve Bank."

Kerry Porter says there's also been high unemployment numbers out of Australia.

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