The Reserve Bank's set to slash the Official Cash rate today but the big question is whether today's cut will be the last.
The final OCR decision of the year is set down for 2pm.
Most economists expect the cash rate to be cut 25 basis points – from 2.5% to 2.25%.
Kiwibank Chief Economist Jarrod Kerr told Mike Hosking the main message seems to be that we’re getting pretty close to the bottom.
He says interest rates are at stimulatory levels and they’re looking to see if that will entice some investment.
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The Mike Hosking Breakfast