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Watch: Reserve Bank Governor reaffirms decision to cut the rate

The New Zealand dollar rallied by more than half a US cent after the Reserve Bank cut its official cash rate by 25 basis points to 1.75 per cent, based on market expectations that the move would be the last in the current easing cycle.

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Commissioner on abuse claims
New Zealand

Commissioner on abuse claims

Police Commissioner Andrew Coster has addressed claims of sexual abuse against former Cabinet minister Aussie Malcolm who died last week aged 83. Video / Mark Mitchell

Wanaka St opening
New Zealand

Wanaka St opening

Tikipunga Primary School students greet visitors at the opening of Kāinga Ora's 55-home Wanaka St development, at the former Tikipunga Tavern site. Video / Kāinga Ora