Jarrod Kerr: Kiwibank chief economist ahead of the next OCR announcement

The Reserve Bank is set to make another Monetary Policy Statement on Wednesday, and experts have predicted another 25-basis-point cut. The cut, priced in by financial markets and widely expected by economists, would take the OCR to 3.25 percent. Despite this, Kiwibank chief economist Jarrod Kerr believes the Reserve Bank should cut the cash rate down to 3 percent - saying the economy needs stimulus. LISTEN ABOVESee omnystudio.com/listener for privacy information.