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OCR cut: Expert explains what latest update means for economy

Author
Newstalk ZB,
Publish Date
Wed, 28 May 2025, 5:39pm

OCR cut: Expert explains what latest update means for economy

Author
Newstalk ZB,
Publish Date
Wed, 28 May 2025, 5:39pm

The Reserve Bank's Monetary Policy Committee revealed it failed to reach a consensus today - before they voted to cut the OCR 25 basis points to 3.25 percent.

But Westpac Chief Economist Kelly Eckhold says that's surprising.

He explained that the fact someone is prepared to put their hand up and say they wouldn't support the move shows it was more a line-ball call than they were expecting.

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