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It was the interest rate cut that many had called for - a chunky half a percentage point cut - but will it turn the economy around?
The Reserve Bank cut wholesale interest rates by half a per cent yesterday to 2.5 percent.
And its left the door open to a further cut in November.
Already retail banks have moved to cut some interest rates in response.
But with a dire business confidence survey out earlier in the week - is this going to be the kick start the economy needs?
Kathryn speaks with John Pask, the Chief Economist at BusinessNZ, and ASB Chief Economist Nick Tuffley.
