New Zealand’s Finance Minister says the country has ’turned the corner on interest rates’ as inflation reaches 2.2 percent, but the economy still has issues.
The Bank today lowered the Official Cash Rate (OCR) by 50 basis points in an attempt to boost a sluggish economy.
New Zealand’s Finance Minister says the country has ’turned the corner on interest rates’ as inflation reaches 2.2 percent, but the economy still has issues.
The Bank today lowered the Official Cash Rate (OCR) by 50 basis points in an attempt to boost a sluggish economy.