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31 Dec 2024 3:51
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      Home > News > Business

    Speculation New Zealand's Official Cash Rate could follow in response to changes in the US

    Speculation New Zealand's Official Cash Rate could follow in response to changes in the US


    Some economists suggest the OCR could be cut 50 basis points in Wednesday's Reserve Bank decision.

    Associate Finance Minister David Seymour says we've had little choice other than following the lead of the American Federal Reserve.

    He says if we don't match interest rates our dollar will collapse.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     30 Dec: Two dead, nearly all ports closed as 4m-high waves batter Ecuador and Peru
     30 Dec: An increase in demand from Kiwis to see in 2025 from Asia
     28 Dec: The federal government plans to require some businesses to accept cash. But is there still a need for it?
     28 Dec: It's been a buyers property market this year, with a downward trend for home values
     28 Dec: Tourism New Zealand's reflecting on the year that's been for the industry
     27 Dec: Kiwis spent big on Boxing Day bargains
     27 Dec: From new commercial Moon landers to asteroid investigations, expect a slate of exciting space missions in 2025
     Top Stories

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    World number one and defending champion Luke Humphries has been dumped out of the World Darts Championships at the round of 16 stage More...

    BUSINESS BUSINESS
    Two dead, nearly all ports closed as 4m-high waves batter Ecuador and Peru More...


     Today's News

    		 Law and Order:
    Armed police have intercepted a suspected robbery in Auckland's Massey at about 3:30 this afternoon 21:57

     Law and Order:
    Eight youths have climbed onto the roof of the Korowai Manaaki youth justice facility in South Auckland's Wiri 21:37

     Business:
    Two dead, nearly all ports closed as 4m-high waves batter Ecuador and Peru 21:07

     Tennis:
    A solid and successful hit-out for Naomi Osaka in round one of tennis' ASB Classic 19:07

     Cricket:
    Young fast bowler Zak Foulkes is being hailed as a star of the future as the Black Caps get set for tonight's second T20 cricket clash with Sri Lanka in Mount Maunganui 18:57

     Boxing:
    A big breakthrough in the shadows of lunch in the Boxing Day cricket test in Melbourne.. 18:37

     Health & Safety:
    Family of Gaza doctor fear for his safety as Israel claims arrests of October 7 attackers 18:17

     Accident and Emergency:
    A person's in critical condition after a traffic-related incident in the Taranaki town of Bell Block 18:07

     Motoring:
    The Marlborough District Council's recommending people keep clear of waterways and take care on the roads 17:27

     Law and Order:
    Jimmy Carter, former US president who won Nobel Peace Prize, dies aged 100 17:07

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