The Regional Economic Development Minister is calling on the Reserve Bank to cut interest rates, amid falling levels of inflation.

The Consumer Price Index has fallen to 3.3 percent - and the Reserve Bank wants to get inflation between 1 to 3 percent before it cuts the Official Cash Rate.

Minister's aren't allowed to be seen to influence the staunchly independent Reserve Bank.

But that didn't stop Shane Jones, who told The Country's Jamie Mackay it's time the OCR started to fall.