Scoop has an Ethical Paywall
Rate Cut Brings Hope For Christmas Retail Trading
Today’s cut in the Official Cash Rate is being welcomed by the retail sector during one of the busiest weeks of the year.
Retail NZ is hopeful that today’s OCR announcement will improve consumer confidence in the run-up to Christmas. A rise in consumer confidence could result in an increase in spending, in turn helping retailers, who have been suffering a continued downturn in sales over the last two years.
Retail NZ’s recent Retail Radar quarterly survey found that 62% of retailers have not met their sales targets for the last six months.
“A turnaround in the economy can't come soon enough for the retail sector, so we are delighted at the Reserve Bank’s decision to cut the OCR by 25 basis points to 2.25%,” Retail NZ Chief Executive Carolyn Young says.
“With Black Friday sales already underway, this will be welcome news for retailers. Strong pre-Christmas sales are critical to retailers meeting their annual sales targets.”
University of Auckland: Kids’ Screen Use Linked To Long-Term Deficits In Self-Control And Attention
University of Auckland: Research To Address Equity In STEM For Māori, Pacific And Female Students
Stats NZ: Economic Impacts On New Zealand From Conflict In The Middle East – Report
Advertising Standards Authority: ASA Annual Report 2025 - Platform-Neutral Regulation Keeps Pace With Digital Advertising
Science Media Centre: Lead Pipes Banned For New Plumbing – Expert Reaction
New Zealand Young Physicists Trust: Auckland To Host The ‘World Cup Of Physics’ In 2027; Search Begins For Student-Designed Tournament Logo
