16 Mar 2020

Reserve Bank coronavirus cut - what impact will it have?

From Nine To Noon, 9:19 am on 16 March 2020

The Reserve Bank cut the official cash rate to a record low of 0.25 per cent this morning, as the country steps up its response to the coronavirus pandemic.

The cut was made ahead of the announcement from the government tomorrow of an economic package to ease the impact of a downturn on businesses - and their employees.

Kathryn talks to Kirk Hope of Business New Zealand. and Jarrod Kerr, Kiwibank's chief economist.

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Photo: RNZ