THE PENDULUM SWINGS BACK
May 27, 2019
2 minutes
As anticipated in last month’s column, the pendulum has shifted. The big news was the announcement by the Reserve Bank of NZ (RBNZ) to reduce the Official Cash Rate (OCR) by 25 basis points. This was the first time that the RBNZ has changed the OCR since November 2016.
It was a little disappointing to see that the level of cuts
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