Scoop has an Ethical Paywall
OCR Cut, But New Zealand Far From Out Of The Woods
Responding to the Reserve Bank of New Zealand’s decision to cut the Official Cash Rate (OCR) by 25bp to 3.50%,Taxpayers’ Union Spokesman James Ross said:
“The economy is only just starting to crawl out of recession, and interest rate relief couldn’t come soon enough for families who’ve spent years being hammered by high mortgage costs.”
“Adrian Orr squeezed the life out of the New Zealand economy, and now US tariffs are doubling down on our already anaemic growth. We’re not out of the mire yet.”
“Going for growth now needs two things – slashing inflationary overspending by the Government to put punitive interest rates firmly in the rear-view mirror, and driving real productivity gains. Lower interest rates aren't a licence for the Government to ramp up spending further.”
“If Nicola Willis doesn’t put Full Capital Expensing at the heart of a cost-cutting, pro-growth Budget next month, New Zealand will stay stuck on the path of managed decline.
MBIE: MBIE Publish Mid-Point Review Of The Phase-Out Of The Low Fixed Charge (LFC)
Science Media Centre: Company Claims To Have “De-Extincted” The Dire Wolf – Expert Reaction
Stats NZ: Greenhouse Gas Emissions Fall 2.0 Percent In The December 2024 Quarter
The Reserve Bank of New Zealand: Christian Hawkesby Appointed As Governor Of The RBNZ
Kiwi Economics: It’s Mayhem In Markets As Downside Risks Dominate Following Trump’s Tariffs
Mindful Money: Consumer Demand For Ethical Investing Remains Strong Despite International Headwinds
