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20 Apr 2024 21:15
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  •   Home > News > Business

    A former reserve bank governor thinks our economy is going to be okay

    A former reserve bank governor thinks our economy is going to be okay


    Economists are predicting the Official Cash Rate will fall below zero next April.

    Don Brash says he's hopeful a negative OCR will work.

    He says our projected debt to GDP ratio, which is 55 percent, is lower than many other countries - but we should still try to minimise it as much as possible.

    He says we're a small vulnerable economy - and we shouldn't feel comfortable with a debt at 55 percent GDP.

    © 2024 Newstalk ZB, NZCity

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    Rugby:
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