8 Aug 2019

NZ Official Cash Rate cut to 1 percent 'sobering' - National

From Morning Report, 6:38 am on 8 August 2019

The National Party says the unexpectedly big cut to the official cash rate yesterday is "sobering economic news".

The Reserve Bank slashed its benchmark interest rate by a greater than expected half a percentage point and the New Zealand dollar plunged.

National's finance spokesperson Paul Goldsmith talks to Corin Dann.