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24 Oct 2020 13:06
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  •   Home > News > Business

    A former reserve bank governor thinks our economy is going to be okay

    A former reserve bank governor thinks our economy is going to be okay


    Economists are predicting the Official Cash Rate will fall below zero next April.

    Don Brash says he's hopeful a negative OCR will work.

    He says our projected debt to GDP ratio, which is 55 percent, is lower than many other countries - but we should still try to minimise it as much as possible.

    He says we're a small vulnerable economy - and we shouldn't feel comfortable with a debt at 55 percent GDP.

    © 2020 Newstalk ZB, NZCity


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     Today's News

    Motoring:
    The weekend holiday road toll is already at three, less than 24 hours into the long weekend 12:27

    Netball:
    Silver Ferns legend Laura Langman's calling for more guidance around life after sport for professional netballers 12:27

    Accident and Emergency:
    State Highway 8 in the South Island is blocked after a serious crash near Lake Tekapo 11:37

    International:
    US election 2020 will see greatest number of Latino voters ever — and they could decide key swing states 11:37

    International:
    Is the Japanese PM's first overseas trip to Vietnam and Indonesia related to containing China? 11:17

    International:
    What is COVID-19 rapid testing, and should we be using it in Australia? 11:17

    Sailing:
    The all-kiwi New Zealand Ocean Racing crew has become the first monohull to win the Coastal Classic in 11 years 11:07

    Business:
    A 30 metre long air bridge is being installed on Auckland's Hobson St this morning 10:27

    Motoring:
    Motorists are being warned to expect heavy traffic again this morning, as people continue to head away for the long weekend 10:07

    Cricket:
    Cricket great Kapil Dev, who captained India to their 1983 World Cup triumph, is in a stable condition after undergoing an emergency coronary angioplasty 9:27


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