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Hamish Pepper: Forecasts rise for OCR after GDP shrinks
The economy had a worse than expected drop in the June quarter, shrinking 0.9%.
Finance Minister Nicola Willis has blamed it on global turmoil, but the Reserve Bank of New Zealand says there's a need to provide more stimulus to the economy by cutting the OCR.
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By Newstalk ZB
5
11 ratings
The economy had a worse than expected drop in the June quarter, shrinking 0.9%.
Finance Minister Nicola Willis has blamed it on global turmoil, but the Reserve Bank of New Zealand says there's a need to provide more stimulus to the economy by cutting the OCR.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
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