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
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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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