There's cautious optimism from the Reserve Bank Governor after cutting the OCR by 25 basis points this afternoon.

Christian Hawkesby says the economy's been a bit stagnant, but there's reason to be positive.

"We've lowered interest rates a long way now, we've sent out a pretty strong signal that we're willing to lower them further, as required, we've got other drivers of the economy - like high commodity prices."

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There's cautious optimism from the Reserve Bank Governor after cutting the OCR by 25 basis points this afternoon.
Christian Hawkesby says the economy's been a bit stagnant, but there's reason to be positive.
"We've lowered interest rates a long way now, we've sent out a pretty strong signal that we're willing to lower them further, as required, we've got other drivers of the economy - like high commodity prices."
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Christian Hawkesby: acting Reserve Bank Governor says there's reasons to be positive following latest OCR cut

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fab543d1-4e54-43d1-8ceb-b33f005e9a3d/transcript