Perspective with Heather du Plessis-Allan: Today's OCR cut comes better late than never

Best of Business · Oct 8, 2025 · 2m · transcript

Good news - the Reserve Bank has finally done the thing many of us thought was necessary, and they've gone for a double cut in the OCR of 50 basis points.

That's the good news. The bad news is that they've been forced to do it because they didn't do it earlier, as in, they haven't cut as quickly as they should have.

I mean, think back to July when they actually chose not to cut at all, which was clearly a mistake at the time - but became even more of a mistake when we saw the shock GDP number that followed.

We saw that in the three months before that decision, the economy had actually…