New stats show tough outlook for the NZ economy - but are we closer to OCR cuts?

The Reserve Bank has delivered their last judgement on the Official Cash Rate – and surprise surprise, there’s been no change.  

The Reserve Bank still says it won’t be cutting rates anytime soon, but economists believe that such a cut will need to come later this year. 

It comes as the economic outlook for New Zealand continues to look bleak, with more people heading either overseas, or to the Jobseeker queue.  

Today on The Front Page, NZ Herald business editor at large, Liam Dann, joins to discuss what the OCR rate says about the state of our economy.  

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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

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