Larry Williams Drive

The Reserve Bank's outgoing Governor says New Zealand's economy may be doing better than we realise. The central bank has cut the OCR 25 basis points today - to 2.25 percent. Christian Hawkesby says the economy already appears to be recovering from this year's downturn. He says what's unclear - is its pace. "The recovery could be faster and stronger than we expect, because we have cut interest rates a long way and it could really start coming through quite quickly." LISTEN ABOVESee omnystudio.com/listener for privacy information.