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Jamie Mackay talks to Cameron Bagrie, Damien O'Connor, Mark Warren, Bruce Weir, and Jane Smith.See omnystudio.com/listener for privacy information.
The United States and Iran have signed a memorandum of understanding aimed at ending the 3 month conflict which has sent energy prices soaring and disrupted global supply chains The deal was signed in secret in Versailles bringing an immediate end to all military operations in both Iran and Lebanon for 60 days giving negotiators time to work through the details of a final agreement. President Donald Trump says the crucial shipping route the Strait of Hormuz will reopen "so soon" although experts say there are some obstacles preventing traffic from returning to the levels seen before the conflict began. So will consumers see relief any time soon? How quickly could prices fall? And how long will it take for the global economy to rebound? Independent economist Cameron Bagrie joins Jesse to try to answer those questions and more. [picture id="4JN24GR_AFP__20260611__B6TM8NV__v1__HighRes__UsPoliticsTrump_jpg" crop="16x10" layout="full"]
We've come to the end of a fascinating week in politics. But what week in politics isn't? It kicked off last Sunday with Nicola Willis alleging a massive hidden bill in Labour's policies. She also had a crack at the lack of policies from Labour. And while that entertained her base who already hold that view, there were many who said she pulled the trigger too soon and it was a classic case of the pot calling the kettle black. Heather said it was way too soon, and it should have been left to closer to Election Day. Cameron Bagrie said that all parties have hidden bills and because of our fiscal state, all policies are going to have to be paid for by debt. So, Nicola's shot could have backfired. And Audrey Young pointed out that last election Nicola Willis released her fiscal policy with costings only four days before advance voting started, and 17 days before Election Day. This year's election is 141 days away. Look I enjoy this election-style biffo because it's great grist to the mill for people in my job, but I too wonder why National has pulled the trigger so early. It raises the question whether they're very worried about the Opposition beating them. It also shows their hand, and come Election time maybe Labour will be better prepared. Maybe.See omnystudio.com/listener for privacy information.
An independent economist offers his thoughts on Trump's peace deal, oil prices, inflation, interest and exchange rates, and why we should be keeping a keen eye on the US Federal Reserve.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Damien O'Connor, Mark Warren, Ed Laver, and Todd Clark.See omnystudio.com/listener for privacy information.
Now we were saying this last week and it hasn't gone away and it's not going to go away as the different parties announce their policies in the lead up to the election. How do we know what's true and what's not when it comes to costings? When it comes to millions and billions of dollars, how do we keep tabs on it? We can't. Nicola Willis says there's an $18.2 billion gaping hole between Labour's promises, which are reinstating the pay equity scheme, billions, the future fund and the cap on public transport, and the money available to fund those policy promises. Labour's finance spokesperson Barbara Edmonds says, Really? Willis should take a long hard look at her own accounts and explain the $56 billion hole in the roads of national significance." And so back round we go again. As I mentioned last week, how are we to know when you've got Nicola Willis accusing the former CEO of Kāinga Ora of bidding $10 million more than the next commercial bid on a property back in the bad old days? He says that is an outright lie, it was $2 million more, which, you know, is $1.5 million too much. And then it turns out after, you know, a rule is put over the numbers, it was $8 million. So how are we to know? I thought we had Treasury with a sharpened pencil doing the adding up to see if the promises can be paid for, and we kind of do, but I'm with economist Cameron Bagrie who told Early Edition this morning he's in favour of an independent fiscal institution. Am I in favour of an independent watchdog to go through party political costings? I think that's a step too far. Am I in favour of what's called an independent fiscal institution which sort of sits aside the New Zealand Treasury, such as the Congressional Budget Office in the United States? The answer is yes. You know, I think we need to see a lot more sunlight, a lot more focus on the fiscal accounts, particularly issues such as population ageing and whether things such as New Zealand superannuation and exploding healthcare expenditure is going to be sustainable. Now, they will be sustainable, but the caveat is someone's going to have to pay. You know, the problem at the moment is that we tend to write out the cheques forgetting at some stage someone's going to have to pay and odds are it will be the younger generation down the track. Well exactly, because the promises made today without the money to fund them are the bills the young people have to pay tomorrow and enough's enough, they've got quite enough on their plate. It's a bit of a conundrum really because both National and Labour want to be calling the shots in the next government. They know that most voters are motivated by self interest, those that aren't tribal. They say, "You want my vote? Sure, what's in it for me?" So the parties have to make promises even though they're constrained by the fact that we're in dire straits. And so we need to know that they are promises that can be kept for those of us that care and hopefully, hopefully there are more and more voters that do care. Treasury can provide pre election policy costings but recognised political parties in Parliament are the ones who request the independent costings and analyses. It's not, you know, a public totting up as the policies come out. And rather than evaluating policies in a vacuum, Treasury and other relevant public service agencies assess the financial implications of the policies to ensure consistency and reliability. But as a voter, I think we really need a body that can independently audit each party's promise as they go and see whether they're pie in the sky or doable. And it will only really be the main parties we need to worry about. Minor parties can make all sorts of outlandish promises and then say, Oh soz, the senior coalition partner put the kybosh on them. We really wanted every household in the country to have $1,000 per week but National Labour wouldn't let us do it, so sorry about that." So it's only really National and Labour you need to have a long hard look at. But I would really like to see an independent authority with a head for figures do the sums and explain their workings in layman's terms so every voter will know what we're in for. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Don't you think it's a bit rich of Nicola Willis to be criticising Labour when, last election, she did exactly what she's accusing Labour of doing? Keeping us in the dark. Every politician is guilty on this front. Which is why I'm right behind the idea being floated by economist Cameron Bagrie today. He's saying that we need to set-up an independent outfit that would help us decide whether what politicians are promising stacks up financially. But let me take you back to the last election. When National was promising tax cuts and saying they were going to be paid for by taxing rich foreigners buying houses here. The party said it was going to get $740 million from the foreign house buyers and, because of that, we were going to pay less tax. And, pretty much straight away, economists and tax experts were poo pooing the idea. Which had us all wanting National to say who gave it advice that this was going to work, when everyone else seemed to think it wouldn't. And what was National's response? Not telling you. I do remember Nicola Willis saying she'd resign if the tax cuts weren't delivered. But she wouldn't - and Christopher Luxon wouldn't - give the type of detail she's now accusing Labour of hiding from us. Which economist Cameron Bagrie says could all be avoided if we had an independent fiscal watchdog, separate from Treasury. He's saying today: “We saw this in 2017, 2020, 2023. One side has a crack at the other in regards to making their numbers stack up. We've been here before. Not surprising.” It was happening way before 2017. Remember in 2011, when there was a pre-election debate in Christchurch, and John Key trotted out the line, which some people think won him the election. “Show me the money,” he said to Phil Goff, who was the Labour Party leader at the time. Fifteen years on, the only thing we can still rely on are the numbers and costings trotted out by the politicians. Labour's public transport policy is an example. They say $65 million and we'll be in bus heaven. I'm not convinced. Maybe I would be if we had this independent outfit Cameron Bagrie is calling for today. Just like we would have had numbers rather than the “just trust us” we got from National at the last election over the foreign buyers tax coviering the cost of you and I paying less PAYE. But we didn't. We thought it was smoke and mirrors. And that's what it turned out to be. Just like Labour's promises and the $18 billion Nicola says isn't accounted for. If we had more transparency, we wouldn't have to rely on politicians on one side telling us we can afford whatever they're promising and politicians on the other side saying no, we can‘t. To give Nicola Willis credit. She has been a fan previously of some sort of way to cost-out party policies. In fact, she wanted to see a publicly-funded outfit that would have done the numbers and worked-out the actual cost of election policies. Or election promises. It had the potential to work-out whether all the talk we get from political parties before an election stacks up. It didn't happen, though. Because ACT and NZ First wouldn't let it happen. But I think we deserve this kind of transparency. In think an agency separate from Treasury that would tell us exactly how things are on the fiscal front, would be brilliant. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Finance Minister Nicola Willis will be presenting the 2026 budget on this coming Thursday. A number of pre-budget announcements have already been made including money directed to maths and literary in schools and maritime security, while social housing and the public sector have faced budget cuts. Founder of Bagrie Economics, Cameron Bagrie, spoke to Tim Beveridge about what he expects and what he thinks should be done. One change Bagrie believes is unpopular but crucial is reforming NZ Super saying 'the current system is unsustainable'. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Independent economist comments on a 4.1% rise in global food prices over the past two months, what it means for NZ farmers, and why rising global bond yields are keeping the NZ dollar in the US 58–59c range. Plus, the May 27 OCR decision, fuel and fertiliser pressures, the BNZ buy-up, what’s in the Budget for farmers — and why, in the end, it could be worse: we could be in Australia.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Shane Jones, Cameron Bagrie, Dr Jacqueline Rowarth, and Phil Duncan. See omnystudio.com/listener for privacy information.
New Zealand, according to the OECD, the Organisation for Economic Cooperation and Development, needs to reform the electricity sector, expand and strengthen capital markets, speed up digitisation of the health sector, and reform the pension. The OECD joined other international agencies in calling for the age of eligibility for super to be raised by indexing it to life expectancy with measures to take account of different ethnicities and work backgrounds. A bit like in Australia, if you're in a tough job that is tough on your body and you physically cannot work any longer, then you can get the pension a bit earlier, it just won't be as much as the full pension. If Bill English had been able to form a coalition government when he was leading National, we would have raised the age of super by now to 67. But it doesn't, for those of you who are concerned, go from 65 to 67 overnight. You'll remember when National was looking at raising the age to 67 – it would just increase six months each year and it wouldn't have started until the 1st of July 2037. So it doesn't happen overnight, there's plenty of time for people to get used to it, it's phased in slowly, it's not a huge seismic shock. What is a huge seismic shock is the cost of super to the national economy. Simplicity Managing Director Sam Stubbs says super is a huge problem that needs to be addressed urgently. He says without change, by 2060 all of our income tax will only be able to pay for health and national super, there'll be no money left for anything else – unless we suddenly get incredibly wealthy. But if things stay as they are pretty much, our GDP stays the same, the increase in the number of people needing healthcare and national Super will be such that our income tax will only pay for that. There'll be nothing for roads, nothing for schools, nothing for any of the things we like to have. “What about the Cullen Fund?” I hear you ask, and that's a good question. The fund was never a fully funded Super scheme; it was just designed to smooth out some of the population shocks so that it wouldn't completely cripple the economy as a big cohort of the population reached superannuation age. It's expected to contribute roughly 3.3-3.5% of the total super cost by 2040. It may well get up to covering 10% of the costs by 2080, but certainly not 100% Finance Minister Nicola Willis was sort of trying to calm things down. She told Mike Hosking that changes don't need to be as dramatic as the OECD suggests, but do need to happen. “In the 1960s there were around seven New Zealanders of working age for every person aged 65 or older. Today there are four and by 2065 there will only be two. So that burden on our taxpayers is increasing significantly. Already between last year and the end of the fiscal period, the cost of New Zealand superannuation will increase by about $6 billion a year. It's rising as a proportion of what we tax you for, so it's currently just over 16%, it's going to rise to over 20%. And every dollar we're spending on superannuation is a dollar not available for education, for health, for infrastructure. So gradually over time some changes will need to be made. They don't need to be as dramatic as the OECD suggests, but some adjustments will be needed.” Well, it will need to be as dramatic unless political parties bite the bullet. And in this case, there would need to be, and Chris Hipkins said himself, that he was open to having cross party discussions about what to do around the super. Because without change, without sensible, orderly change, it will need to be dramatic. Independent economist Cameron Bagrie told Heather du Plessis Allan last night he's a fan of means testing the super. “We're on an unsustainable fiscal path. You know, the Government needs to bite the bullet in regards to making some pretty big, hard, bold decisions. We've been talking about this sort of stuff for 30 years. I can remember modelling this sort of stuff in the 1990s when I was at New Zealand Treasury 30 years ago. And all that's happened is that we've kicked the can down the road. You know, a little bit of stuff has been brought in, New Zealand Super Fund, the KiwiSaver contributions, but when push comes to shove here, we need to address the entitlement side of New Zealand Superannuation and that comes through, you know, potentially lifting the age or means testing has to come into the equation.” So what would you be a fan of? And this is accepting that we cannot continue with the status quo – it's unsustainable and everybody has said that. You might not believe the media, you might not believe politicians, but independent organisations have said this, Treasury has said this, economists, as Cameron Bagrie was saying, from as far back as the 1980s, 1990s were saying there needs to be provision made, it can't go on the way it's going. The advantage for young people or younger people, I guess, is that they have KiwiSaver, which enables them to contribute a considerable amount towards a comfortable retirement. The longer you're in it, the better it is. So many decisions we should have made many, many years ago. You look back and we'd be in a far better position, far more able to weather economic shocks than we are now had we made those hard calls 20, 30, 40, 50 years ago. We need to make a hard call now, not kick the can down the road as we have been doing, government after government, voting cohort after voting cohort. So what particular poison are you willing to swallow? Bringing back what Bill English proposed, raising the age of entitlement to 67 and starting from the 1st of July 2037, raising the age at which you can get it by six months? So you'll be 65 years and six months. 65 years and six months is not that burdensome, is it? There are other ways of doing it gently without a brutal overnight decision. Is means testing the way to go? I would always want to see an allowance for somebody who's had a really tough job, to be able to withdraw it or apply for it earlier but just get a little bit less. We need to have a sensible discussion. We can't just bury our heads in the sand as successive voters have done over generations, and governments are going to have to be bold enough to make the call. Should it be a cross-party decision? Yeah, I think it should be. There should be a collective agreement from all parties that this is what needs to happen for future generations. See omnystudio.com/listener for privacy information.
New Zealand's treading water, with a warning our increasingly overloaded pension system isn't sustainable. The latest OECD snapshot of our economy suggests unless we adjust systems, including the costs of health, long-term care and pension will increase by about five percent of GDP by 2060. It says it could be countered by changes including upping Superannuation contributions. Economist Cameron Bagrie says we can't keep kicking the can down the road - and that we need to address entitlements, through lifting the retirement age or means testing. LISTEN ABOVESee omnystudio.com/listener for privacy information.
New Zealand's treading water, with a warning our increasingly overloaded pension system isn't sustainable. The latest OECD snapshot of our economy suggests unless we adjust systems, including the costs of health, long-term care and pension will increase by about five percent of GDP by 2060. It says it could be countered by changes including upping Superannuation contributions. Economist Cameron Bagrie says we can't keep kicking the can down the road - and that we need to address entitlements, through lifting the retirement age or means testing. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Inflation's already looking vulnerable, with the reality of worse economic blows still to come. Figures out today showed annual CPI unexpectedly held at 3.1 in this year's first three months, confounding expectations it would fall as low as 2.8. Economist Cameron Bagrie says the rate reflects what was happening to prices, just as the cost of fuel began to climb, when the Iran war closed the Strait of Hormuz. He says we'll get an inflationary hit in the June quarter, and a better starting position would have been preferable. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Inflation's already looking vulnerable, with the reality of worse economic blows still to come. Figures out today showed annual CPI unexpectedly held at 3.1 in this year's first three months, confounding expectations it would fall as low as 2.8. Economist Cameron Bagrie says the rate reflects what was happening to prices, just as the cost of fuel began to climb, when the Iran war closed the Strait of Hormuz. He says we'll get an inflationary hit in the June quarter, and a better starting position would have been preferable. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The country's largest bank is again raising interest rates, days after forecasting much earlier-than-expected OCR hikes. ANZ is increasing most home loan rates by 10 to 20 basis points following a rise in wholesale rates. It's now advertising a one-year home loan rate of 4.69%. Independent economist Cameron Bagrie told Mike Hosking markets are pricing-in the change in forecasts. He says the fixed rates are based on what's expected to happen, rather than what's happening now. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Mike Hosking Breakfast Full Show Podcast for Thursday 16th of April, our largest bank is increasing its interest rates in anticipation of OCR hikes. Shane Jones responds to the businesses and critics calling for more information on the country's fuel supply. Kiwi Supercars driver Ryan Wood carries his momentum into Christchurch, racing at Ruapuna this weekend. Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Economists are divided over how fast the Reserve Bank should raise the Official Cash Rate. ANZ has already picked three consecutive hikes in July, September, and October, while Westpac says it's becoming more of a possibility next month, but is more likely in September. On the hand, Kiwibank believes raising the rate multiple times before the election would be reckless. Independent Economist Cameron Bagrie told Ryan Bridge there's a case for raising the OCR in May – a pre-emptive strike against inflation. He says that if they feel the need to go, they're better off going early as if they leave it later and let inflation get a bit embedded, they'll have to take the OCR higher to compensate. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On the Early Edition with Ryan Bridge Full Show Podcast Wednesday 15th of April 2025, tourism's roaring back now sitting at 92% of pre-covid levels, Mat Woods CEO of Destination Queenstown & Lake Wanaka Tourism, tells Ryan what we can do to keep tourism booming. David Seymour's pushing to turn New Zealand into a cannabis export powerhouse, Cannabis Clinic CEO Dr Waseem Alazaher tells Ryan if new changes will be a big help for exporting. Independent economist Cameron Bagrie shares his thoughts on opposing views on OCR hikes from ANZ and Kiwibank. Plus, UK Correspondent Gavin Grey has the latest on the IMF's predictions for the UK economy and a former Nato secretary general saying the UK's security is "in peril". Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.
We head live to San Francisco to talk to an independent economist who crunches the numbers on the US-Iran ceasefire. How have the markets reacted? See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Christopher Luxon, Emma Higgins, Ross Sommerville, and Steve Wyn-Harris.See omnystudio.com/listener for privacy information.
Independent economist and the chair of Transport NZ. What are we seeing across livestock transport? Plus, we look at the exchange and interest rates, inflation and the NZX50 down 7% in March. And what are the best and worst-case scenarios?See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Jen Corkran, Hunter McGregor, Dan Boulton, and Jo Luxton.See omnystudio.com/listener for privacy information.
Banks' forecasts of an economic contraction in the second quarter are probably right, independent economist Cameron Bagrie says. ASB's revised outlook shows the bank expects annual GDP growth of 1.3% this year, down from its previous forecast of 2.9%, thanks to higher fuel prices hitting consumer spending. It expects the economy to contract by 0.3% in the second quarter and expand by 0.3% in the third, with New Zealand's economic recovery now “unlikely” before 2027. Bagrie told Ryan Bridge those forecasts were a “central scenario” but there was a lot of variance, as nobody had a firm idea of how long the war would last. The economy would likely move backwards in the next quarter, and GDP per capita was still down 3.4% from its peak three years ago. While that didn't technically qualify as a recession —which requires going backwards for two quarters in a row— “it's still going to feel like it's pretty tough out there”. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Reserve Bank Governor says the central bank is closely monitoring fuel prices, but won't rush into reacting. Anna Breman says the Iran war is likely to lead to higher inflation and lower growth in the short term. Breman says that's unlikely to make them hike the Official Cash Rate - but things could change if higher fuel prices pressure the economy. Independent economist Cameron Bagrie says it's important to keep an eye on the 'second-round' effects from the conflict in order to determine future OCR changes. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Prime Minister was on Newstalk ZB this morning not being able to explain what specifically his government was going to do, and when, to bring relief to NZers over petrol prices, and why NZ condemned the actions of Iran but has been silent on the actions of Israel and the US.We watched the full 1 hour and 6-minute SOTN speech by Winston Peters so you don't have too and have some takeaways including who he is pitching to and how he is trying to distance himself from his coalition partnersFinance Minister Nicola Willis has assured Kiwis that the country has enough of a fuel buffer for seven weeks, but Cameron Bagrie has warned that crunch time is about to hit.Latest RNZ polls shows National falling further behind Labour, what does it mean...if anything?++++++++++++++++++++Like us on Facebook.com/BigHairyNetwork Follow us on Twitter.com/@bighairynetworkFollowing us on TikTok.com/@bighairynetworkSupport us on Patreon www.patreon.com/c/BigHairyNewsCheck out our merch https://bhn.nz/shop/Donate to our work https://bhn.nz/shop/donation/
Economists are questioning Treasury's 'worst case' economic forecast from the Iran war. It predicts a worst case scenario of inflation hitting 3.7 percent this year - if the conflict persists. Independent economist Cameron Bagrie says he doesn't think Treasury has properly taken into account businesses feeling the second-hand impact of rising fuel prices. "If they've got a reason to push up prices under the guise of what's going on in Hormuz around the globe, firms are going to use that excuse and try to jam in some price rises. We've seen it before." LISTEN ABOVESee omnystudio.com/listener for privacy information.
A leading economist is warning New Zealand to brace for two weeks time - which they say could be when the country experiences a real fuel choke point. Petrol has gone up about 50 cents per litre since the beginning of the war in the Middle East. The Hormuz Strait, a major shipping route for crude oil remains closed, but the government says New Zealand doesnt have a supply problem. Cameron Bagrie from Bagrie Economics spoke to Lisa Owen.
Independent economist on the exchange (down) and interest rates (up), fuel and fertiliser prices, and a change in world order.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Damien O'Connor, Todd Clark, and Kelvin Wickham.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Jo Luxton, Michael Harvey, Alex Tait, and Shane Jones.See omnystudio.com/listener for privacy information.
Independent economist comments on the state of the world economy as war breaks out in the Middle East. We talk trade implications, interest and exchange rates, inflation, oil prices, equity markets, consumer demand and time frames for the conflict.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, James Robertson, George Dodson, Jo Luxton, and Kevin Bevan. See omnystudio.com/listener for privacy information.
On Saturday Donald Trump announced a 10% levy on all goods coming into the US in response to the Supreme Court ruling his other tariffs unconstitutional. The new global tariffs were updated to 15% on Sunday. Economist Cameron Bagrie joined Tim Beveridge to talk about the implications for kiwi businesses. LISTEN ABOVE See omnystudio.com/listener for privacy information.
On Saturday Donald Trump announced a 10% levy on all goods coming into the US in response to the Supreme Court ruling his other tariffs unconstitutional. The new global tariffs were updated to 15% on Sunday. Economist Cameron Bagrie joined Tim Beveridge to talk about the implications for kiwi businesses. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Economists say it might be time to recalibrate our expectations for inflation and interest rates following higher-than-expected inflation figures on Friday. Bagrie Economics managing director Cameron Bagrie spoke to Corin Dann.
Jamie Mackay talks to Cameron Bagrie, Jo Luxton, Farmer Tom Martin, Jen Corkran, Shane Jones, and Jane Smith. See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Dominic Jones, Tom Young, Jo Luxton, and Tom Martin.See omnystudio.com/listener for privacy information.
An independent economist who offers his take on the state of the nation. He unequivocally says 2026 will be better than 2025. See omnystudio.com/listener for privacy information.
Treasury's Half Year Economic and Fiscal Update has painted a concerning picture for the Government books. It forecasted the deficit will peak at $16.9 billion dollars, and only drop to $60 million in the 2029-2030 financial year. Independent economist Cameron Bagrie says this forecast doesn't come with many surprises. "If you look at the bigger picture, we're now going to have a decade of deficits. And if you look at the last two years, the situation's actually been worsening." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Kiwibank says it's on with a 2.4% GDP increase for 2026. But the bank has joined the chorus blaming the Reserve Bank for messing up the communications leading to increased fixed-term rates at the major retail banks. Independent Economist Cameron Bagrie told Heather du Plessis-Allan that the economy is slowly stabilising, and because of that interest rates don't need to be as low. "When you turn the corner, interest rates don't need to be as low." LISTEN ABOVESee omnystudio.com/listener for privacy information.
As we wait for today's official cash rate announcement, one economist says we've turned a corner and things are feeling, overall, a lot more positive. Cameron Bagrie spoke to Corin Dann.
Is an Independent Economist who comments on the state of a precarious world economy. Plus we preview next week's OCR announcement from the Reserve Bank. See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Nigel Woodhead, Cameron Bagrie, Jane Smith, Stefan Vogel, and Jo Luxton. See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Katie Milne, Cameron Bagrie, Damien O'Connor, Hunter McGregor, Miles Hurrell, and Chris Russell. See omnystudio.com/listener for privacy information.
One of the country’s leading economists discusses Labour’s new capital gains tax policy, the OCR and our exchange rate. See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Mark Mitchell, Katie Milne, Cameron Bagrie, Damien O'Connor, and Phil Duncan.See omnystudio.com/listener for privacy information.
Relief for borrowers after the Reserve Bank cut the Official Cash Rate by 50 basis points. Cameron Bagrie spoke to Ingrid Hipkiss.
We talk GDP, GDT and OCR with an independent economist.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Jason Herrick, Phil Duncan, and Hunter McGregor.See omnystudio.com/listener for privacy information.