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28 Nov 2024 12:43
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      Home > News > Business

    A tale of two economies, for now

    A tale of two economies, for now


    The Reserve Bank is forecasting more OCR cuts next year, sooner than previously expected, after yesterday's 50-basis point cut to 4.25 percent.

    But Governor Adrian Orr says growth remains weak, globally.

    Former Finance Minister Steven Joyce says there are green shoots in the economy, but they're confined to specific sectors like commercial property, dairy, kiwifruit and the tech sector.

    He says big-employing industries like service and retail have been flat as a pancake, alongside residential property and construction.

    © 2024 Newstalk ZB, NZCity

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     28 Nov: The Reserve Bank remains concerned about domestic inflation, as it points to more OCR cuts next year following the latest 50 basis point cut
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     27 Nov: Don't expect a return to the very low interest rates seen in the past decade
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     Top Stories

    RUGBY RUGBY
    No bitterness from Brad Mooar as he returns to the New Zealand Rugby coaching scene More...

    BUSINESS BUSINESS
    A banana duct-taped to a wall has sold for £4.9 million – part of the evolving relationship between art and finance More...


     Today's News

    		 Entertainment:
    Gary Barlow phoned Robbie Williams to complain he came off "worse than Darth Vader in the first 'Star Wars'" when he saw an early draft of his former bandmate's biopic 'Better Man' 12:41

     Motoring:
    Investigation - after a Police car hit a Crown limousine carrying Chris Luxon and Nicola Willis in Wellington 12:27

     Entertainment:
    Gwen Stefani's life was in "complete turmoil" before she began dating Blake Shelton 12:11

     Environment:
    An early nod to summer - with parts of the country topping 25 degrees today 12:07

     Rugby:
    No bitterness from Brad Mooar as he returns to the New Zealand Rugby coaching scene 12:07

     Politics:
    NZ urgently needs more psychologists – changing an outmoded training model would help 12:07

     Entertainment:
    Tom Sandoval has closed his restaurant in Los Angeles 11:41

     Living & Travel:
    Deleted reviews show backpackers tried to warn others about hostel at the centre of methanol poisoning scandal 11:17

     Entertainment:
    Teddi Mellencamp has "taken accountability" for her past mistakes 11:11

     Soccer:
    Liverpool's returned to the top of the Champions League football ladder after five rounds - after a 2-nil home win over Real Madrid 11:07

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