Today's OCR cut probably won't be the last in the current cycle, according to new claims.

The Reserve Bank's Monetary Policy Committee agreed to cut the cash rate 50 basis points to 2.5 percent.

They expect the tough economic conditions to stop inflation getting too high.

NZ Herald Business Editor at Large Liam Dann says there's definitely scope for at least one more cut.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.