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Interest rate cuts won't be happening anytime soon, warns expert

Author
Newstalk ZB,
Publish Date
Wed, 28 Feb 2024, 7:58PM
 Photo / Mark Mitchell, Herald montage
Photo / Mark Mitchell, Herald montage

Interest rate cuts won't be happening anytime soon, warns expert

Author
Newstalk ZB,
Publish Date
Wed, 28 Feb 2024, 7:58PM

The Reserve Bank Governor says inflation is still too high to consider cutting the OCR.

Adrian Orr held the OCR steady at 5.5 percent today, in line with most economist's expectations. 

Infometrics Principal Economist Brad Olsen says the Bank's on the right track to bringing down inflation.

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