ASB says it expects the OCR to be cut by 50 basis points, to 0.5 percent
ASB says it expects the OCR to be cut by 50 basis points, to 0.5 percent
16 March 2020
It also expects the OCR to be cut to zero shortly, as the Reserve Bank tests the limits of monetary policy support.
Chief economist Nick Tuffley says fiscal policy is the best form of support the economy can receive.
But he says the Reserve Bank should also do whatever it can, with monetary policy.
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