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Now Playing: OCR cut to 10-year low of 3.5% (3:18)
Source: ONE News
The official cash rate has been cut to 3.5% - its lowest level since its creation a decade ago
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Now Playing: NZI Business Jan 29: OCR cuts (3:27)
Source: ONE News
ASB chief economist Nick Tuffley discusses the upcoming cut to the official cash rate.
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Now Playing: Anxious wait for OCR cuts to have effect (3:08)
Source: ONE News
The Reserve Bank Governor says that financial institutions need to play their part in the economic adjustment process by passing on lower interest rates...
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Now Playing: ASB Bank's chief economist on the latest OCR cut (3:48)
Source: ONE News
ASB Bank's chief economist Nick Tuffley, discusses the Reserve Bank's bold move to slash the OCR
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Now Playing: Tourism hopes inbound tourism may benefit from the OCR cut (4:58)
Source: ONE News
Tourism Industry Association chief executive Tim Cossar hopes the cut in the Official Cash Rate will provide a boost to the tourism dollar
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