Today on The Country radio show, host Jamie Mackay catches up with Ben Picton, Rabobank’s senior economist, to take a closer look at yesterday’s Official Cash Rate announcement.
On with the show:
Ben Picton:
Rabobank’s senior economist expresses some surprise with yesterday’s OCR announcement where the Reserve Bank cut the official cash rate by 25 basis points to 5.25%. It is the first cut since March 2020.