Liam Dann: NZ Herald business editor at large on the Reserve Bank cutting the OCR down to 4.25 percent - Matt Heath & Tyler Adams Afternoons

Some positive news for mortgage holders.

The Reserve Bank has cut the Official Cash Rate another 50 basis points to 4.25 percent.

ANZ, ASB, BNZ, Kiwibank and The Cooperative Bank have all lowered their rates in response.

NZ Herald business editor at large Liam Dann says the central bank is pointing to a few more cuts over the next six months.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.