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Navigating our economy forward (by looking in the rear-view mirror)

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Manage episode 439557611 series 2895797
Content provided by The Spinoff. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Spinoff or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

As recently as late May, the Reserve Bank thought it wouldn't need to cut rates until well into 2025. However, a batch of leading indicators revealed a slump in economic activity through June, and the RBNZ decided to hit the brakes by lowering the official cash rate in its August monetary policy statement. Reserve Bank chief economist Paul Conway talks to Bernard Hickey about why the RBNZ decided to change course, what kinds of data they are lacking compared to other central banks, and what they can't change about our economy.

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244 episodes

Artwork
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Manage episode 439557611 series 2895797
Content provided by The Spinoff. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Spinoff or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

As recently as late May, the Reserve Bank thought it wouldn't need to cut rates until well into 2025. However, a batch of leading indicators revealed a slump in economic activity through June, and the RBNZ decided to hit the brakes by lowering the official cash rate in its August monetary policy statement. Reserve Bank chief economist Paul Conway talks to Bernard Hickey about why the RBNZ decided to change course, what kinds of data they are lacking compared to other central banks, and what they can't change about our economy.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

244 episodes

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