OCR cut to 5.25%
Checkpoint - A podcast by RNZ - Mondays
"It's darkest before the dawn and it's dawn now," that's according to Reserve Bank Governor Adrian Orr, after the Official Cash Rate was cut for the first time in more than four years. The 25 basis point cut comes despite many economists believing the rate would be held at 5.5 percent, where it's been since May last year. Infometrics principal economist Brad Olsen speaks to Lisa Owen.
