The OCR has finally been cut - so what's the current state of our economy?

This week the Reserve Bank cut the Official Cash Rate, now it's down to 5.25 percent. This is the first time it has been cut in four years – since March 2020, when the country first went into lockdown to combat the Covid pandemic. Politicians have celebrated the news, and banks have started cutting interest rates already. But in amongst all that joy – there's also a grim warning for the state of the country’s economy. Today on The Front Page, we’re joined by NZ Herald business editor at large Liam Dann to explain what this news means for all of us. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Chelsea DanielsSound Engineer: Paddy FoxProducer: Ethan SillsSee omnystudio.com/listener for privacy information.