Stella Whitfield

“While many people will welcome lower interest rates, the rate cut is not a sign of strength in the economy but a recognition of its weakness.” NZCTU Economist Craig Renney on today’s decision by the Reserve Bank to cut the Official Cash Rate to 4.75%.

OCR decision a welcome relief for working people

October 9, 2024October 9, 2024

NZCTU Te Kauae Kaimahi Economist Craig Renney said the decision by the Reserve Bank to cut the official cash rate by 50 basis points (0.5%)… Read More »OCR decision a welcome relief for working people