The Reserve Bank is set to issue their latest OCR update tomorrow - and experts are divided about the outcome.
Some economists are predicting rate cuts will come now, while others believe the Reserve Bank will hold steady and announce cuts later in the year.
Infometrics Principal Economist Brad Olsen says the Reserve Bank needs to lay the groundwork for future rate cuts.
"The economy is in a darker place - but the Reserve Bank backed itself into a corner, all bets are off at the moment."
LISTEN ABOVE

Gavin Grey: UK correspondent on the UK announcing sanctions on West Bank settlements
06:37

Jenee Tibshraeny: NZ Herald Wellington business editor on ACC Minister Scott Simpson promising a crackdown on fraud
04:27

Jeremy Hutton: Milford Asset Management expert on KMD Brands' share price going up after 'brutal' few months
03:12