EPISODE · Feb 17, 2025 · 3 MIN
Robert MacCulloch: Auckland University economics professor warns against cutting the OCR
from Best of Business · host Newstalk ZB
An economics expert says cutting the Official Cash Rate is unwarranted. The Reserve Bank is set to release its first 2025 OCR decision on Wednesday. Many economists are predicting a 50 basis point cut - from 4.25 percent to 3.75. Auckland University economics professor Robert MacCulloch says the bank's only meant to focus on inflation, which is already on target. "They're not looking at the inflation rate - it's exactly at 2 percent. But they're panicking about the state of the economy, that's the truth. I think that's what's going on." LISTEN ABOVESee omnystudio.com/listener for privacy information.
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Robert MacCulloch: Auckland University economics professor warns against cutting the OCR
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