News from the business sector, including a market report.

A brief update from the business sector.

The NZX stock market operator sees no material impact in response to travel restrictions designed to slow the spread of the Covid-19 virus.

For the latest from the markets we're joined by Andrew Austin of Jarden Securities.

Air New Zealand is a trading halt and Auckland Airport has suspended its earnings guidance, as the aviation and travel industry responds to unprecedented border restrictions.

All the major banks have cut home loan interest rates in response to the rate cut by the Reserve Bank.

The economic disruption has forced activity in the services sector to its lowest level in eight years.

Kiwibank's chief economist says a recession now inevitable and the rate cut is a drastic but necessary move.

The Reserve Bank has moved to batten down the economic hatches with its move to slash the cash rate to a record low and a promise to go 'as big as is needed', in pumping money into the economy.

A brief update on the movements in the financial sector.