'War footing' OCR undercuts policy direction
Reserve Bank lacks confidence in government's transformation programme.
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
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Nevil Gibson
Sat, 10 Aug 2019
Sat, 10 Aug 2019
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'War footing' OCR undercuts policy direction
Editorial,Columns,
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