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Reserve Bank not expected to introduce cuts until 2025 - expert

Author
Newstalk ZB,
Publish Date
Tue, 9 Jul 2024, 8:17pm
Photo / File
Photo / File

Reserve Bank not expected to introduce cuts until 2025 - expert

Author
Newstalk ZB,
Publish Date
Tue, 9 Jul 2024, 8:17pm

The Reserve Bank is set to release their latest update regarding the OCR tomorrow afternoon.

New Zealand's Official Cash Rate has been held at 5.5 percent for over a year, and economists don't expect that to change.

Infometrics chief economist Gareth Kiernan outlined his predictions - and speculated when the Reserve Bank might introduce cuts.

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