8 Aug 2019

Official Cash Rate cut to 1 percent - economic analysis

From Morning Report, 8:10 am on 8 August 2019

Finance Minister Grant Robertson says the Reserve Bank's unexpectedly large interest rate cut is all about getting ahead of the economic curve.

But he says it's not a knee-jerk reaction. Opposition spokesperson Paul Goldsmith is not convinced and says there needs to be more explanation.

Corin Dann talks to RNZ's business editor, Gyles Beckford, for his analysis.