The Official Cash Rate is on its way down. 

The Reserve Bank has cut the OCR by 50-basis points, from 5.25 to 4.75%. 

It says inflation is within its 1-3% target range and this cut will help maintain that while avoiding unnecessary instability in parts of the economy. 

Katlyn Parker of Milford Asset Management joined Jack Tame to unpack the cut and the impact it will have on the market. 

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