fbpx
Print this page
Tuesday, 23 July 2024 11:25

OCR pressure

Written by  Milking It

OPINION: While Reserve Bank boss Adrian Orr is sticking to his 'abundance of caution' messaging, the economy is in tatters and the jungle drums beat ever louder for an OCR cut no later than November (to be clear, that's Nov 2024, not 2025!).

ANZ was one of the first banks to put a November date on it, and other banks, via their various economic newsletters and missives, are slowly aligning themselves with that view.

Milking It reckons it can't come soon enough.

The economic data reported faithfully each quarter by the media is always dated and therefore out of step with what's happening on the ground.

Out here in the real world, businesses are failing and need interest rate relief right now.

More like this

Cuddling cows

OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its cows and instead charge visitors to cuddle them.

Bikinis in cowshed

OPINION: An animal activist organisation is calling for an investigation into the use of dairy cows in sexuallly explicit content posted on social media and adult entertainment subscription site OnlyFans.

Dairy unity

OPINION: A last-minute compromise ensured that the election of the new Federated Farmers national dairy chair wasn't a repeat of the Super 15 rugby final - Canterbury versus Waikato.

That old chestnut

OPINION: Just as it's healthy for cockies to get out of the shed and off the farm occasionally to get a fresh perspective, Milking It reckons some academics would benefit from spending a few days in the real world.

110,000 visitors!

OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.

Featured

National

Machinery & Products