Hamish Pepper: The NZ economy is finally recovering
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Hamish Pepper: The NZ economy is finally recovering
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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.
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