The Finance Minister believes the country is in a position to grow.  

The Reserve Bank believes the economy has now turned a corner after last month's 50-basis-point cut to the OCR. 

It's cut the cash rate a further 25-basis-points to 2.25%, but is signalling further cuts are unlikely. 

Nicola Willis told Ryan Bridge that while the data lags make things difficult, there is enough other information to give them a sense of where the economy is at.  

She says it’s allowed the Reserve Bank to be confident in their forecast that the economy is growing and that growth will strengthen next year, and inflation will come down.  

LISTEN ABOVE 

The Finance Minister believes the country is in a position to grow. &nbsp;
The Reserve Bank believes the economy has now turned a corner after last month's 50-basis-point cut to the OCR.&nbsp;
It's cut the cash rate a further 25-basis-points to 2.25%, but is signalling further cuts are unlikely.&nbsp;
Nicola Willis told Ryan Bridge that while the data lags make things difficult, there is enough other information to give them a sense of where the economy is at. &nbsp;
She says it’s allowed the Reserve Bank to be confident in their forecast that the economy is growing and that growth will strengthen next year, and inflation will come down. &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 the cut to the Official Cash Rate, the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a64c5517-f36f-4be8-8bc2-b3a1015fe3d9/transcript