There's shock and excitement across the nation, as the Reserve Bank makes cuts to the OCR for the first time since 2020.

The Bank's slashed the cash rate by 25 basis points to 5.25 percent.

NZ Herald Wellington business editor Jenee Tibshraeny unpacks what brought this change on - and what caused Governor Adrian Orr to announce this.

LISTEN ABOVE

There's shock and excitement across the nation, as the Reserve Bank makes cuts to the OCR for the first time since 2020.
The Bank's slashed the cash rate by 25 basis points to 5.25 percent.
NZ Herald Wellington business editor Jenee Tibshraeny unpacks what brought this change on - and what caused Governor Adrian Orr to announce this.
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.

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