The biggest risks to the economy may not be satisfied by a drop in interest rates
The biggest risks to the economy may not be satisfied by a drop in interest rates
9 May 2019
The Reserve Bank has cut the OCR to a record low of 1.5 percent, citing slowing global and domestic growth and trade concerns as key factors.
BNZ head of research, Stephen Toplis, says one of the reasons growth is slowing in New Zealand is a lack of capacity.
He says the inability to find people to fill jobs and insufficient capital won't be solved by lowering interest rates.
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