Reserve Bank's McDermott: why the OCR cut wasn't bigger
Questions about a cut to 2.0% versus 1.75% 'a red herring' chief economist says. With special feature audio.
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Hawke’s Bay
Debate about whether the Reserve Bank should have cut the official cash rate by 50 basis points, instead of this morning’s 25bps, misses the point, the bank’s chief economist says.
“The 25bps or 50bps debate – that’s a red herring,” chief economist John McDermott told NBR ONLINE.
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Rob Hosking
Thu, 11 Aug 2016
Thu, 11 Aug 2016
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Reserve Bank's McDermott: why the OCR cut wasn't bigger
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