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Listen "Hamish Pepper: The NZ economy is finally recovering"
Episode Synopsis
The Reserve Bank shocked a lot of us last month when it cut the OCR by 50 basis points down to 2.5%. Analysts have said that the RBNZ was reading the room and giving kiwis a much needed breather after years of high rates. Early signs are showing it's starting to have an effect - with the GDP estimate for the September quarter pointing to 0.6% growth and many banks forecasting an optimistic remainder of the year. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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