There's uncertainty about what's next after today's OCR cut.

The Reserve Bank has slashed the Official Cash Rate 25 basis points to 3.5 percent, with most banks responding by cutting their advertised rates.

Economists are divided on how far rates will fall.

Westpac Chief Economist Kelly Eckhold says the global trading environment is changing by the day.

"There's no clarity, really, about the extent to which these tariffs are going to be in place, how countries are going to respond - and importantly, how this impacts on New Zealand as well."

LISTEN ABOVE

There's uncertainty about what's next after today's OCR cut.
The Reserve Bank has slashed the Official Cash Rate 25 basis points to 3.5 percent, with most banks responding by cutting their advertised rates.
Economists are divided on how far rates will fall.
Westpac Chief Economist Kelly Eckhold says the global trading environment is changing by the day.
"There's no clarity, really, about the extent to which these tariffs are going to be in place, how countries are going to respond - and importantly, how this impacts on New Zealand as well."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Kelly Eckhold: Westpac Chief Economist on the OCR getting cut by 25 basis points amid tariff uncertainty

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/11cf303f-ee6d-4ba9-b0e9-b2ba0060a416/transcript