Hamish Pepper: Forecasts rise for OCR after GDP shrinks
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Hamish Pepper: Forecasts rise for OCR after GDP shrinks
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The economy had a worse than expected drop in the June quarter, shrinking 0.9%.
Finance Minister Nicola Willis has blamed it on global turmoil, but the Reserve Bank of New Zealand says there's a need to provide more stimulus to the economy by cutting the OCR.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.