Nicola Willis: Finance Minister on the Reserve Bank cutting the Official Cash Rate to 2.25%

Early Edition with Ryan Bridge

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2M ago 6:09

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Nicola Willis won't be drawn on the Reserve Bank's sudden change of tune on the Official Cash Rate.

It's lowered the rate to 5.25% due to further signs of falling inflation.

Economist Brad Olsen says the central bank needs to take accountability for radically changing its forecast without a radical change in circumstances.

Nicola Willis told Ryan Bridge it isn't appropriate for her to get involved in the debate.

She says the economy has slowed down and seeing interest rates come down is logical, but this is ultimately an independent decision for the Reserve Bank.

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