4 Mar 2020

Covid-19: Should New Zealand cut rates after US, Australia did?

From Morning Report, 7:25 am on 4 March 2020

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.