Economists warn interest rate cut only the beginning
BNZ Research does not think interest rate cut will make much difference.
Brent Edwards
Mon, 16 Mar 2020
Groups ranging from Federated Farmers to the New Zealand Initiative have praised the cut in the official cash rate from 1% to 0.25%.
But the initiative’s chief economist, Dr Eric Crampton, warns more will need to be done.
“Even as the RBNZ announced a shift to a 0.25% interest rate and
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Brent Edwards
Mon, 16 Mar 2020
Contact the Writer: brent@nbr.co.nz
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Economists warn interest rate cut only the beginning
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