Reserve Bank Governor Adrian Orr speaks after cutting the OCR

As widely predicted, the Reserve Bank has cut the official cash rate by 50 basis points to 3.75%, the lowest level in two years. RBNZ Governor Adrian Orr held a press conference following the decision, stating that the cut reflects the ongoing decline in inflation and their confidence that this trend will continue. Learn more about your ad choices. Visit megaphone.fm/adchoices