the podcast on
Today's OCR cut probably won't be the last in the current cycle, according to new claims.
The Reserve Bank's Monetary Policy Committee agreed to cut the cash rate 50 basis points to 2.5 percent.
They expect the tough economic conditions to stop inflation getting too high.
NZ Herald Business Editor at Large Liam Dann says there's definitely scope for at least one more cut.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
