The Reserve Bank Governor is defending not going harder with cuts to the Official Cash Rate. 

The cash rate has been cut 25 basis points to 3%. 

But it's signalling more cuts than it was before, and has revealed two of the six Monetary Policy Committee members actually wanted a bigger cut. 

Christian Hawkesby told Mike Hosking he stands by the central bank's decisions. 

He says they're focused on their mandate of controlling inflation over the medium term, but the recent slowdown has changed their outlook. 

LISTEN ABOVE 

The Reserve Bank Governor is defending not going harder with cuts to the Official Cash Rate.&nbsp;
The cash rate has been cut 25 basis points to 3%.&nbsp;
But it's signalling more cuts than it was before, and has revealed two of the six Monetary Policy Committee members actually wanted a bigger cut.&nbsp;
Christian Hawkesby told Mike Hosking he stands by the central bank's decisions.&nbsp;
He says they're focused on their mandate of controlling inflation over the medium term, but the recent slowdown has changed their outlook.&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: Reserve Bank Governor on the OCR cut, inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bfaf9784-6153-4ec0-90e1-b33f015001aa/transcript