Finance Minister hopes lower OCR will help government books
She says lower interest rates will have a significant impact on households and businesses.
WATCH: Minister of Finance Nicola Willis speaks with Brent Edwards.
Finance Minister Nicola Willis had reason to smile this week when the Reserve Bank cut the official cash rate by 50 basis points.
Willis also had reason to repeat her lecture about fiscal discipline when the Government’s financial statements for 2023/24 revealed a $12.9 billion deficit excluding
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