25 Jun 2020

Economy bad, but could be worse - Reserve Bank

From Morning Report, 8:57 am on 25 June 2020

The economy is fragile, but it could be worse: That's from the Reserve Bank, which left the official cash rate and zero point two five yesterday.

Governor Adrian Orr is leaving the door open to lower rates in the future as an option to cushion the blow of Covid-19.

He's warned that there could be much worse to come.

Cameron Bagrie of Bagrie Economics speaks to Gyles Beckford.