Business

Watch: Rates cut gets big reaction

*Watch the full interview in the video player above*


The Governor of the Reserve Bank of New Zealand was looking for markets to react when he cut interest rates by half a percent on Wednesday - and according to Kiwibank’s chief economist, Jarrod Kerr, he got a result.

Kerr and Kiwibank’s head of financial markets, Peter Hunt, discuss the reaction after Governor Adrian Orr decided on the surprisingly large cut.

Kiwibank is a foundation sponsor of Newsroom.co.nz

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