It's the news many have been hoping for.

The Reserve Bank has cut the Official Cash Rate 25 basis points, from 5.5% to 5.25%.

It says business surveys and economic indicators suggest inflation is returning to within the 1-3% target band.

But the Herald's Liam Dann told Simon Barnett and James Daniels we certainly won't be getting a return to the record-low cash rate we had during the pandemic.

He says the central bank isn't declaring victory on inflation and will need to keep the cash rate relatively high for some time.

LISTEN ABOVE

It's the news many have been hoping for. 
The Reserve Bank has cut the Official Cash Rate 25 basis points, from 5.5% to 5.25%. 
It says business surveys and economic indicators suggest inflation is returning to within the 1-3% target band. 
But the Herald's Liam Dann told Simon Barnett and James Daniels we certainly won't be getting a return to the record-low cash rate we had during the pandemic. 
He says the central bank isn't declaring victory on inflation and will need to keep the cash rate relatively high for some time. 
LISTEN ABOVE

Join Simon Barnett and James Daniels to discuss and debate the issues that matter most to New Zealanders. From the world stage to here at home, with the latest in news and views, you will always be in the know with Si and James.

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