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13 Dec 2019 13:38
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  •   Home > News > Business

    An economist is predicting there'll be two more cuts to the OCR in the first half of next year

    An economist is predicting there'll be two more cuts to the OCR in the first half of next year


    The Reserve Bank surprised the market by choosing to hold the Official Cash Rate at one percent yesterday.

    ASB chief economist Nick Tuffley says there'll likely be cuts in February and May next year.

    He says it looks like growth won't be as strong as the Reserve Bank expects.

    Tuffley also suspects the central bank will be pushing up banks' capital requirements quite considerably.

    © 2019 Newstalk ZB, NZCity


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     Today's News

    International:
    UK election 2019 exit poll results shows Boris Johnson's Conservatives on track to beat Jeremy Corbyn's Labour 13:37

    Rugby:
    Taranaki rugby legend, former All Black prop Brian 'Jazz' Muller has passed away aged 77 13:27

    Entertainment:
    Ryan Reynolds says Hugh Jackman is a "fraud" and not even Australian 13:10

    Law and Order:
    A High Court appearance for the man accused of murdering a Kapiti woman has been pushed back until the new year 13:07

    International:
    UK election results begin to come in as Boris Johnson seeks Conservative majority, live news 12:47

    Entertainment:
    Kevin Hart says he's "forever a work in progress" after a rollercoaster year 12:40

    Cricket:
    The International team is looking to keep the pressure on the American's heading into day two of the President's Cup in Melbourne 12:37

    Law and Order:
    Police deputy commissioner Wally Haumaha says the bodies will be taken to Auckland 12:27

    Entertainment:
    Maren Morris believes she may have conceived her unborn child on vacation in Hawaii 12:10

    Law and Order:
    A man's pleaded guilty to doctoring footage of the Christchurch Mosque Attacks and sending it to white supremacists 11:57


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