The Reserve Bank Governor is leaving the job tomorrow with no major regrets about the pace of OCR cuts. 

The cash rate's dropped 25 basis points to 2.25%. 

Forward-projections suggest this will be the end of the current cycle of OCR cuts, with inflation expected to ease and the economy expected to recover in the new year. 

Governor Christian Hawkesby told Mike Hosking they've been responding to circumstances. 

He says they've been dealing with a stall in economic recovery while focusing on their mandate of controlling inflation. 

Hawkesby says it's hard to say exactly why New Zealand's recovery has stalled more than other countries, telling Hosking there isn't one clear reason for the downturn this year. 

He says it's a bit of a puzzle, with tariffs and cautiousness both playing a role, and that's why last month's cut was needed to kickstart the economy. 

LISTEN ABOVE 

The Reserve Bank Governor is leaving the job tomorrow with no major regrets about the pace of OCR cuts.&nbsp;
The cash rate's dropped 25 basis points to 2.25%.&nbsp;
Forward-projections suggest this will be the end of the current cycle of OCR cuts, with inflation expected to ease and the economy expected to recover in the new year.&nbsp;
Governor Christian Hawkesby told Mike Hosking they've been responding to circumstances.&nbsp;
He says they've been dealing with a stall in economic recovery while focusing on their mandate of controlling inflation.&nbsp;
Hawkesby says it's hard to say exactly why New Zealand's recovery has stalled more than other countries, telling Hosking there isn't one clear reason for the downturn this year.&nbsp;
He says it's a bit of a puzzle, with tariffs and cautiousness both playing a role, and that's why last month's cut was needed to kickstart the economy.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Christian Hawkesby: Acting Reserve Bank Governor on the OCR being cut to 2.25%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e4170cf5-d2e4-4664-8a28-b3a101434682/transcript

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