NZ Finance Minister emphasizes fiscal discipline amid high inflation, supports lower OCR for investment.
In a recent speech, New Zealand's Finance Minister emphasized the necessity of fiscal discipline amid economic challenges like high inflation. Highlighting improved business confidence from recent surveys, the minister welcomed the Reserve Bank's decision to lower the Official Cash Rate by 50 basis points, which is expected to stimulate investment. The government aims to enhance economic growth and attract international investment while maintaining sustainable fiscal practices.
October 14, 2024
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