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Mike Jones: BNZ Chief Economist on the predicted cuts to the OCR

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Manage episode 452113174 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

The Reserve Bank is widely expected to cut the Official Cash Rate today from 4.75% to 4.25%.

It was cut by the same margin in October.

ANZ's already cutting most of its home loan rates ahead of this afternoon's decision.

BNZ Chief Economist Mike Jones told Ryan Bridge he can see some of the logic for a 75 basis point move.

But he says those big moves tend to be reserved for crisis situations, and we're not in one of those.

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See omnystudio.com/listener for privacy information.

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3416 episoade

Artwork
iconDistribuie
 
Manage episode 452113174 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

The Reserve Bank is widely expected to cut the Official Cash Rate today from 4.75% to 4.25%.

It was cut by the same margin in October.

ANZ's already cutting most of its home loan rates ahead of this afternoon's decision.

BNZ Chief Economist Mike Jones told Ryan Bridge he can see some of the logic for a 75 basis point move.

But he says those big moves tend to be reserved for crisis situations, and we're not in one of those.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

3416 episoade

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