Don't bank on any further cuts to the Official Cash Rate.
The Reserve Bank's dropped the cash rate 25 basis points to 2.25%.
It expects to see inflation ease and the economy recover.
Kiwibank Chief Executive Steve Jurkovich told Mike Hosking this could very well be the bottom of the current OCR cycle.
He says there's lots of talk about green shoots in the economy, although much of this has been in farming.
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