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Home > When the Facts Change > The OCR grinch has turned into Father Christmas
Podcast: When the Facts Change
Episode:

The OCR grinch has turned into Father Christmas
Category: News & Politics
Duration: 00:24:35
Publish Date: 2024-11-28 16:00:00
Description:

In 2022, Reserve Bank governor Adrian Orr told Christmas shoppers to “cool your jets”, as the bank scrambled to control inflation by hiking interest rates. This week - now inflation has been beaten back down - he delivered another whopper 50-basis point rate cut in the RBNZ’s latest monetary policy statement.

Kiwibank chief economist Jarrod Kerr joins Bernard Hickey to discuss the governor’s gradual transformation from OCR grinch to Father Christmas, and how many more rate cuts we can expect to see in the new year.

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