Nicola Willis: Finance Minister on the inflation rate dropping to 2.2%, looking forward to the next Reserve Bank decision - The Mike Hosking Breakfast

The Finance Minister says there's more work to be done to get the economy growing. 

New Zealand's inflation rate is officially back on target at 2.2%, its lowest rate in more than three years. 

Nicola Willis told Mike Hosking she's already focused on looking ahead to the next Reserve Bank decision in November. 

She says they’ll be looking at how the economy is functioning and how monetary policy is transmitting through, and reducing interest rates further will be good for many businesses. 

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