Christopher Luxon remains hopeful the latest cut in the OCR isn't the last. 

The Reserve Bank's dropped the Official Cash Rate 25 basis points to 3.25%, and is now forecasting it will reach a low of 2.9 percent in December. 

But the Monetary Policy Committee wasn't able to reach a unanimous decision to cut the cash rate. 

The Prime Minister told Mike Hosking Acting Governor Christian Hawkesby is dealing with a period of global uncertainty. 

He says there's a huge amount of volatility that Hawkesby is navigating, but the economy is turning a corner. 

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.