The United States Federal Reserve has announced an emergency interest rate for the first time since the 2008 financial crisis.
It has slashed interest rates by half a percentage point in response to concerns that the coronavirus outbreak could damage the economy.
It follows Australia's slashing of its official cash rate to a record low of just 0.50 percent.
New Zealand may need to respond to the US's and Australia's rate cuts.
Independent economist Cameron Bagrie speaks to Corin Dann.