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.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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.
What matters
Want to read more? It's easy.
Choose your subscription
Already have an account? Login
Smartphone Only Subscription
NZ$29.95 / monthly
Monthly Premium Online Subscription
NZ$49.95 / monthly
Smartphone Only Annual Subscription
NZ$299.00 / yearly
Yearly Premium Online Subscription
NZ$499.00 / yearly
Premium Group Membership 10 Users
NZ$385+GST / monthly
$38.5 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$660+GST / monthly
$33 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1375+GST / monthly
$27.5 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$2100+GST / monthly
$21 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$999.00 / yearly
Individual
Group membership
NBR Marketplace
Rob Hosking
Thu, 11 Aug 2016
Thu, 11 Aug 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Related News
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Related News
Reserve Bank's McDermott: why the OCR cut wasn't bigger
60695