What is neutral for the official cash rate? 2degrees Business wrap- Garth Bray…

What is neutral for the official cash rate? 2degrees Business wrap- Garth Bray | Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Introduction to 2degrees Business Wrap","summary":"The video opens with the host introducing the 2degrees Business Wrap segment."},{"timeSeconds":12,"label":"Defining the Neutral OCR Rate","summary":"The host discusses the concept of a 'neutral' Official Cash Rate (OCR). This is defined as the rate where the Reserve Bank's actions neither stimulate nor restrict the economy."},{"timeSeconds":21,"label":"Reserve Bank Governor's View","summary":"Reserve Bank Governor Adrian Orr's view on the neutral rate is presented. She sees risks of inflation on the upside but risks to growth on the downside."},{"timeSeconds":32,"label":"Citibank's Neutral Rate Analysis","summary":"Citibank's analysis suggests that neutral is around 2.75 percent. They predict it will reach 3.5 percent by this time next year."},{"timeSeconds":50,"label":"Theoretical vs. Real Economy","summary":"The host notes that the neutral rate is theoretical. The focus should be on how central bankers manage the economy in practice."},{"timeSeconds":104,"label":"Business Coping with Costs","summary":"The segment concludes by mentioning that businesses are still absorbing higher costs, and the program thanks its partners."}]} <!--/mynz:youtube-chapters-->