'War footing' OCR undercuts policy direction
Reserve Bank lacks confidence in government's transformation programme.
Hot Topic
Hawke’s Bay
The guardian of the financial system moved the economy on to a war footing this week as the outlook worsens.
The Reserve Bank’s half-a-point cut in the official cash rate to a new historic low of 1.0% was its biggest response to an emergency since the Christchurch earthquake in 2011.
The
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Nevil Gibson
Sat, 10 Aug 2019
Sat, 10 Aug 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
'War footing' OCR undercuts policy direction
Editorial,Columns,
80373