A steady slide to the OCR is gently flowing through to households. 

The Reserve Bank's cut the cash rate from 5.5% to 3% over the past 13 months and is also signalling further possible cuts on the way. 

Assistant Governor Karen Silk says many people have been fixing on higher short-term rates while they hold out for lower long-term rates. 

Finance Minister Nicola Willis told Ryan Bridge it’s important that monetary policy can stimulate the economy, and the Reserve Bank has made a clear decision to ensure interest rates can fall further. 

LISTEN ABOVE 

A steady slide to the OCR is gently flowing through to households.&nbsp;
The Reserve Bank's cut the cash rate from 5.5% to 3% over the past 13 months and is also signalling further possible cuts on the way.&nbsp;
Assistant Governor Karen Silk says many people have been fixing on higher short-term rates while they hold out for lower long-term rates.&nbsp;
Finance Minister Nicola Willis told Ryan Bridge it’s important that monetary policy can stimulate the economy, and the Reserve Bank has made a clear decision to ensure interest rates can fall further.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Nicola Willis: Finance Minister on Reserve Bank cutting the OCR

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cf475e49-63c0-499f-86c3-b33f012e1aa4/transcript