Homeowners have been able to breathe a sigh of relief following the Reserve Bank's decision to cut the OCR.

The cash rate was cut by 25 basis points after their August meeting, down to 5.25 percent. 

HSBC chief economist Paul Bloxham explains that the RBNZ had to meet expectations to keep the economy in check.

LISTEN ABOVE

Homeowners have been able to breathe a sigh of relief following the Reserve Bank's decision to cut the OCR.
The cash rate was cut by 25 basis points after their August meeting, down to 5.25 percent. 
HSBC chief economist Paul Bloxham explains that the RBNZ had to meet expectations to keep the economy in check.
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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