Live updates: Reserve Bank opts for bigger cut to OCR

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Kiwibank’s chief economist Jarrod Kerr speaks to Breakfast about what he thinks the central bank will announce this afternoon. (Source: Breakfast)

Kiwibank’s chief economist Jarrod Kerr speaks to Breakfast about what he thinks the central bank will announce this afternoon. (Source: Breakfast)

The Reserve Bank has announced a new official cash rate (OCR), choosing a more aggressive rate-cutting option than some had forecasted. Follow 1News' live updates for the latest.

The announcement is the second-to-last before the end of the year, with economic experts expecting the central bank to be responding to indicators of inflation and lacklustre economic growth.

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