Opinion

Co-founder and CRO Meurig Chapman on the OCR cuts

October 25, 2024

People have been doing it tough with the higher costs of living and mortgage rates. It's great to see that the Reserve Bank wasn't too conservative today, and has made a change that ultimately means New Zealanders can enjoy some more money in our pockets again."He suggested Kiwis should continue to keep purse strings tight."

Coming into summertime, there's no better time really to have some extra cash. However, it's crucial that we don't get carried away or make any silly decisions that come back to bite us post-Christmas," Chapman said.

"With any surplus money, it's still important to put some away for a rainy day, so that we're living within our means, and also avoiding being caught out by the unpredictability of life."

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