Barry Soper: Newstalk ZB senior political correspondent on the Reserve Bank cutting the OCR to 3 percent - Heather du Plessis-Allan Drive

The Reserve Bank is signalling further OCR cuts, but making no promises.

It's slashed the cash rate 25 basis points today, to 3 percent.

Newstalk ZB senior political correspondent Barry Soper says this is a sign that the screws are off the economy.

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