Jenée Tibshraeny: What's behind the Reserve Bank's big OCR flip ...

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By Jenée Tibshraeny

Wellington Business Editor·NZ Herald·

14 Aug, 2024 05:56 PM4 mins to read

Reserve Bank Governor Adrian Orr says the bank's May forecasts were 'well-buffed, but not bluffed'. Photo / Mark Mitchell

ANALYSIS

Audible sighs of relief resonated through workplaces at 2pm yesterday, as the Reserve Bank (RBNZ) cut the official cash rate (OCR) for the first time in more than four years.

The central