The Reserve Bank's outgoing Governor says New Zealand's economy may be doing better than we realise.

The central bank has cut the OCR 25 basis points today - to 2.25 percent.

Christian Hawkesby says the economy already appears to be recovering from this year's downturn.

He says what's unclear - is its pace.

"The recovery could be faster and stronger than we expect, because we have cut interest rates a long way and it could really start coming through quite quickly."

LISTEN ABOVE

The Reserve Bank's outgoing Governor says New Zealand's economy may be doing better than we realise.
The central bank has cut the OCR 25 basis points today - to 2.25 percent.
Christian Hawkesby says the economy already appears to be recovering from this year's downturn.
He says what's unclear - is its pace.
"The recovery could be faster and stronger than we expect, because we have cut interest rates a long way and it could really start coming through quite quickly."
LISTEN ABOVE

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: Reserve Bank Governor on whether Kiwis can expect more rate cuts next year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/402ce53f-ac95-4922-acf7-b3a1004e75d8/transcript

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