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Finance Minister Nicola Willis has reacted after the Reserve Bank announced a 25 basis point cut to the official cash rate on Wednesday, saying it's welcome news for households and businesses.| Subscribe: https://bit.ly/2JPg8oB Read more: For full coverage visit www.Stuff.co.nz Subscribe to our channel: https://bit.ly/2JPg8oB ----------------------------------------------------------------------------------------------------- Stuff is New Zealand's largest and most popular news site. With more than 500 journalists spread from Northland to Southland, we cover breaking news, politics, business, sport, crime, the environment, health, education, home and property, food, lifestyle, entertainment, weather, travel, technology, motoring, farming and much more. As well as covering the stories of the day, we specialise in investigative journalism, opinion and analysis, and long-form writing and visual storytelling. ----------------------------------------------------------------------------------------------------- Social media channels: TikTok: / nzstuff Twitter: / nzstuff