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The resignation of the Reserve Bank chair Neil Quigley was announced by Finance Minister Nicola Willis last night as happening with "immediate effect". It came after months of close scrutiny over his handling of Adrian Orr's resignation as Governor. Quigley described Orr's resignation, in early March, as a "personal decision" but a series of revelations followed that cast doubt on that. Minister Willis declined to be interviewed on Saturday Morning but in a pre-recorded interview to RNZ last night she said "Mr Quigley chose to tend his resignation. If he had not offered his resignation, I would have asked him for it." RNZ Business Editor Gyles Beckford has the latest.
Today, we are joined by Chris Littlefield.Christopher Littlefield is an International and TEDx Speaker, an Expert in Employee Appreciation, Workplace Culture and the founder of [Beyond Thank You](http://www.beyondthankyou.com/). He has trained thousands of leaders, across six continents, on how to understand what their people want and need to be at their best. His clients include Accenture, Boston Medical, Lebanese Postal Service, MIT Sloan School of Management, Reserve Bank of Australia, Salesforce, the U.S. Army, the United Nations, and more. His work has been featured in New York, Inc, Mindful, and British Psychologies Magazines, and profiled in Harvard Business Review. Chris is a regular contributor to Forbes (https://www.forbes.com/sites/christopherlittlefield/?sh=532bbc1e7924) and Harvard Business ReviewIn this conversation, we explore practical strategies for helping employees overcome their reluctance to share what they're proud of, and Chris provides actionable frameworks for building stronger remote team culture. He reveals the difference between authentic pride and hubristic pride, and shares his proven four rules for successful remote team activities that have helped countless organizations maintain connection and engagement.Key topics include:-How to help employees share their accomplishments without feeling like they're bragging-The distinction between authentic pride and hubristic pride in workplace recognition-Why leaders should focus on shining light on their team members' successes-The four rules of successful remote team activities: connection before content, the one-six rule, variety and surprise, and consistency and ritual-Practical activities like the three W's check-in and small victories practice-Using reflective recognition to draw out what employees are truly proud of-Creating psychological safety where team members feel comfortable sharing achievements-Building rituals and consistency while maintaining variety in virtual team engagementWhether you're managing remote teams, looking to improve team engagement, or seeking practical ways to implement recognition in your organization, Chris's insights provide proven frameworks for creating more connected and fulfilled workforces.Chris Littlefield's Company: https://beyondthankyou.com/75+Team Building Activities for Remote Teams Book: https://www.amazon.com/Team-Building-Activities-Remote-Teams-ebook/dp/B088ZS1B56?ref_=ast_author_mpb-Website and live online programs: http://ims-online.comBlog: https://blog.ims-online.com/Podcast: https://ims-online.com/podcasts/LinkedIn: https://www.linkedin.com/in/charlesgood/Twitter: https://twitter.com/charlesgood99Chapters:(00:00) Introduction(01:00) Tool: Helping Employees Share What They're Proud Of(04:00) Technique: Understanding Authentic vs. Hubristic Pride(08:00) Tip: Shining Light on Team Members Instead of Yourself(09:00) Tool: The Four Rules of Successful Remote Team Activities(11:00) Technique: Connection Before Content and the One-Six Rule(13:00) Tip: Adding Variety and Surprise to Virtual Meetings(14:00) Tool: Consistency and Ritual in Remote Team Engagement(16:00) Technique: The Three W's Check-In Practice(18:00) Tip: Using Reflective Recognition in One-on-Ones(20:00) Tool: Practical Takeaways for Better Recognition(21:35) Conclusion#CharlesGood #ChrisLittlefield #TheGoodLeadershipPodcast #RemoteTeamEngagement #WorkplaceRecognition #AuthenticPride #VirtualMeetings #TeamCulture #EmployeeEngagement #ReflectiveRecognition #RemoteLeadership #WorkplaceAppreciation #TeamConnection #VirtualActivities #RecognitionStrategies #RemoteTeamBuilding #EmployeeMotivation #WorkplaceCulture #TeamManagement #ConflictPrevention
Ian Verrender, ABC's Business and Finance Editor, joined Philip Clark on Nightlife to discuss the latest in economic, business and finance news.
Well, well, the monthly ABS data on inflation came in with a rate that accelerated faster than expected in July, moving closer to the top of the Reserve Bank's 2-3% target, jumping to 2.8% — the highest annual rate since July 2024 — and well above June's 1.9%. A caveat as always, these monthly indicators … Continue reading "Inflation Not Dead, Just Resting… At Best…"
The banking inquiry came out and the Reserve Bank is now talking about a 'higher risk appetite' for capital settings. That followed a decision to cut the OCR by 25 basis points, which upset commentators who have the sympathy of the Prime Minister. Dan Brunskill is an economic policy reporter for Interest NZ.
This week we’re rewinding to 2020: a year that needs no introduction. Grief, loss, anxiety, chaos – it was heavy. And somehow, the music we featured that year mirrored all those messy, chaotic emotions of helplessness, of isolation, and loneliness - all of which came spilling out uncontrollably. This episode is about taking a pause and taking stock of the tiniest things. The good, the bad, the ugly. Basically, it's a much needed therapy session. Yet, even though the world shut down, we got to record some true gems including our #RunTheWorld Ladies Special and our 200th episode!!! – with our very own “Reserve Bank of Indie” 200-rupee note in circulation (if only it were legal tender…) This is a snapshot of a year we’d rather forget, told through music we can't help but love. PS: This episode features an Intro VO by Head of HR & Admin, and Mother Hen to all at Maed in India, Natasha, who managed to sneak in 10 horse puns in honour of our 10th birthday. Brownie points if you can spot them all! Song List: Parvaaz - Mastaan (03:23 - 08:53) Taba Chake - Hugalo (09:38 - 12:28) Nikhil D'Souza - (Love is a Liar 13:38 - 18:42) Karshni - Fader (20:40 - 23:12) Bawari Basanti - Kya Bolein (25:02 - 29:00) Saltwater - Sheets (29:29 - 32:47 ) Kanchan Daniel - Jackie (33:33 - 40:09) Sarathy Korwar - Mawra (41:00 - 47:52) Seedhe Maut - Dehshat (48:59 - 51:51) Across Seconds - Four Light Years From Home (52:23 - 57:16) Shan Vincent De Paul - Die Iconic (58:29 - 01:00:17) Azaman Hoyvoy - ELFL (Everybody Looking For Love) (01:01:24 - 01:09:00) Come be our friend: Instagram @maedinindia Twitter @maedinindia CREDITS: Host: Mae Instagram: @maemariyam Twitter: @maebemaebe Producer: Shaun Fanthome and Meghna Gulati Sound Edited & Mastered by: Kartik Kulkarni Artwork: Alika Gupta
This week the Reserve Bank cut wholesale interest rates, by a quarter of a percent, which caused relief for some. But are borrowers reaping all the rewards from the cut? After the drop was anounced on Wednesday, there were a flurry of rates changes , but some have gone down further than others. To explain why, money corresponent Susan Edmunds spoke to Lisa Owen.
The coalition is under pressure from the cost-of-living crisis, with job losses, soaring food prices and a construction slowdown hitting hard. This week brought some policy changes and a Reserve Bank rate cut. On Focus on Politics, RNZ acting political editor Craig McCulloch looks at whether that relief will be enough to break the government's winter of discontent. Go to this episode on rnz.co.nz for more details
The Reserve Bank's economic report card is out. Wholesale interest rates dropped 25 basis points to 3%, but inflation us expected to rise to 3% in September and hit its 2% sweet spot until mid next year. Unemployment is also expected to grow, according to reserve bank forcasts the unemployment rate won't get below 5% until December 2026. Kiwibank chief economist Jarrod Kerr spoke to Lisa Owen.
Do we need to slash interest rates even further to get the economy going? Jarrod Kerr, Kiwibank Chief Economist, reckons the Reserve Bank needs to do more. Hear Jarrod’s belief that politicians have skimped on infrastructure investment for 30 years, and why he’s not afraid of increasing the deficit. What does the reality of US tariffs mean for Kiwi exporters and consumers? What makes the economy healthier in certain places—with Christchurch topping Wellington, and Australia topping Aotearoa? Do governing parties need more time between elections to get things done? For more or to watch on YouTube—check out http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.
The Reserve Bank cut the Official Cash Rate by 25 basis points on Wednesday, surprising no one. Money correspondent Susan Edmunds spoke to Corin Dann.
Banks are cutting home loan rates after the Reserve Bank cut the Official Cash Rate by 25 basis points, bringing it to a three-year-low of 3 percent. Cotality chief property economist Kelvin Davidson spoke to Corin Dann.
Inflation is at 3%. The Reserve Bank wants to lock it there. Interest rates are edging down. But the bigger picture is far from settled: • Growth is stuck below 1% • US tariffs threaten trade and jobs • The rand's strength rests on fragile global sentiment • Consumers are squeezed and government finances remain stretched In this episode of No Ordinary Wednesday, Jeremy Maggs speaks to Investec Chief Economist Annabel Bishop about the shifting sands of macroeconomic policy, and what it means for business, households and markets. Podcast key moments: 00:00 – Introduction 01:16 - What's behind the SARB's shift in inflation targeting? And will it or not result in significant rates cut? 04:44 - What would be the key triggers for either accelerating or pausing rate cuts? 07:43 – What sectors are potential bright spots and which structural drags are most likely to keep the annual growth rate anchored near one percent? 11:12 - What scale of impact do you anticipate tariffs will have our growth, trade balance, and broader economic outlook? 13:59 – How resilient is the South African consumer, and where are we seeing the greatest pressure on household spending? 16:22 - The rand has found support from recent dollar weakness, but how much of this strength is simply global sentiment, and how much reflects genuine improvements in South Africa's economic fundamentals? 18:44 - How would you characterise current financial-market sentiment towards South Africa? 23:29 - Which key economic indicators will you be tracking most closely in the coming months, and why do they matter for South Africa's outlook? Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA
It's decision day again at the Reserve Bank with the latest Official Cash Rate announcement due Wednesday afternoon. Westpac chief economist Kelly Eckhold spoke to Corin Dann.
The Reserve Bank will update the official cash rate (OCR) on Wednesday afternoon. But have you ever wondered how it goes about making the decision? Money correspondent Susan Edmunds spoke to Corin Dann.
Despite the Reserve Bank of New Zealand cutting the official cash rate (OCR) by 2.25% and with further rate cuts expected, New Zealand home prices nationally are down nearly 17% over 45 months and are only 3.4% higher than five years ago. This, despite the reduction in the OCR has driven down the cost of … Continue reading "How To Fix Housing Affordability, Kiwi Style [But]…."
Diese Woche brachte einen langersehnten Lichtblick. Unsere Zentralbank - die Reserve Bank of Australia - senkte den Leitzins um einen Viertelprozent. Wer eine Hypothek abstottert, wird das zu schätzen wissen, denn bei einer Schuldsumme von 600 Tausend Dollar spart man pro Monat jetzt etwa 100 Dollar bei der Rückzahlung. Und das, so stimmt Finanzexperte Dr. Klaus Wiegel aus Melbourne zu, ist doch schon mal eine seltene gute Meldung aus der Wirtschaft:
More releases from the ABS today, including the update on employment statistics, as well as Overseas Arrivals and Departures, Australia, and also average weekly earnings. Australia' jobless rate ticked lower and employment rose, signaling the labor market remains tight and reinforcing the Reserve Bank's cautious approach to policy easing. There was some reversal of the … Continue reading "Population Booms, Again, As Unemployment Falls!"
This week the Albanese government announced it would recognise Palestine as a state, a huge foreign policy shift that was greeted with approval by many and criticism by others. Plus, the Reserve Bank assumes a fall in productivity right before the government's productivity summit, and is there tension between the PM and Treasurer?Joining Jacqueline Maley to discuss is chief political correspondent Paul Sakkal.Subscribe to The Age & SMH: https://subscribe.smh.com.au/See omnystudio.com/listener for privacy information.
La Reserve Bank ha deciso di tagliare il tasso d'interesse di un quarto di punto, dopo averlo lasciato invariato il mese scorso tra le polemiche.
The Reserve Bank has cut interest rates for the third time this year, but what does this actually mean for mortgage holders, renters and first home buyers trying to get into the market? Plus, alarming numbers of young people are heading to TikTok for birth control advice, with new research showing most of these videos are seriously misleading... And in headlines today Israeli Prime Minister Benjamin Netanyahu has resurfaced an idea - also enthusiastically floated by US President Donald Trump - that Palestinians should simply leave Gaza; More details have been revealed about the shot fired at Sydney airport yesterday, The bullet ending up lodged in the oven of a nearby cafe; Catherine the Princess of Wales has released another of her Mother Nature series of videos on her social media, narrating a story about how people, along with flowers blooming and fruit ripening, also have the potential for growth in the warmer months; US President Donald Trump has announced that country musician George Strait, action movie star Sylvester Stallone and rock band Kiss will be celebrated with the 2025 Kennedy Center honours, which he will host himself THE END BITSSupport independent women's media Check out The Quicky Instagram here Listen to Morning Tea celebrity headlines here Want $10 + a free month of Mamamia? We've got you.We're cooking up something exciting and need your brilliant opinions to help us make even better content.It's just 20 minutes of your time, and you'll get: $10 e-gift card 3 month Mamamia subscription (or gift it to someone if you're already a subscriber) Survey hereT&Cs here GET IN TOUCHShare your story, feedback, or dilemma! Send us a voice note or email us at thequicky@mamamia.com.au CREDITS Hosts: Taylah Strano & Claire Murphy Guest:Effie Zahos, Nine News Money EditorDr Caroline de Moel-Mandel, School of Psychology and Public Health La Trobe University.Audio Producer: Lu Hill Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.
Taylor Swift has confirmed she has another album on the way; The Reserve Bank cuts official interest rates; Prime Minister Anthony Albanese deflects criticism that recognition of Palestinian statehood will do little on the ground in Gaza; and Jennifer Aniston has made some rare comments about THAT love triangle back in 2005. The Quicky is the easiest and most enjoyable way to get across the news every day. And it’s delivered straight to your ears in a daily podcast so you can listen whenever you want, wherever you want...at the gym, on the train, in the playground or at night while you're making dinner. Support independent women's media CREDITS Host/Producer: Sasha Tannock Audio Production: Lu Hill Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.
Millions of mortgage borrowers anxiously await an interest rates decision from the Reserve Bank.
The Reserve Bank cuts rates but it warns living standards will stall unless something's done to boost productivity.
The Reserve Bank cuts rates but it warns living standards will stall unless something's done to boost productivity.
Nightlife News Breakdown with Philip Clark, joined by Ron Mizen, Senior Political Reporter for the Australian Financial Review, who covers politics, economics, business and law.
There is relief for Australians with a home loan today, as the Reserve Bank cuts the interest rate to its lowest level in more than two years.
In the week ahead, all eyes will be on US CPI data which is likely to tick up. We preview the key data releases from the UK and Europe, as well as the Norges Bank decision coming up. We discuss the contrasting outcomes that we expect from the Reserve Bank of Australia and the Bank of Thailand. Finally, in a special segment in this episode, we focus on the US Dollar and why keeping a soft medium-term dollar view makes sense. Chapters: (US: 01:36, EMEA: 08:18, Asia: 14:57, FX Special Segment: 21:18).
The market has slipped slightly today marking two days of declines but still remains up overall across the month. Steve is solo today to reflect on a week which has seen more record highs, and to discuss the tariff rollout and how that alongside sluggish economic data has impacted markets. Mining stocks have seen some gains today minimising the losses on the ASX, Iress and Nick Scali caught attention today, and Steve unpacks what could move markets in the days ahead including the upcoming Reserve Bank meeting and US inflation data. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
Clement Manyathela speaks to Prof Patrick Bond, who is the Director of the Centre for Social at University of Johannesburg and Dr Lumkile Mondi, who is a Senior Lecturer at School of Economics and Business Science of the University of the Witwatersrand to better understand the power struggle brewing between the National Treasury and the Reserve Bank over control of monetary policy, particularly around the question of whether the inflation target should be reduced. The Clement Manyathela Show is broadcast on 702, a Johannesburg based talk radio station, weekdays from 09:00 to 12:00 (SA Time). Clement Manyathela starts his show each weekday on 702 at 9 am taking your calls and voice notes on his Open Line. In the second hour of his show, he unpacks, explains, and makes sense of the news of the day. Clement has several features in his third hour from 11 am that provide you with information to help and guide you through your daily life. As your morning friend, he tackles the serious as well as the light-hearted, on your behalf. Thank you for listening to a podcast from The Clement Manyathela Show. Listen live on Primedia+ weekdays from 09:00 and 12:00 (SA Time) to The Clement Manyathela Show broadcast on 702 https://buff.ly/gk3y0Kj For more from the show go to https://buff.ly/XijPLtJ or find all the catch-up podcasts here https://buff.ly/p0gWuPE Subscribe to the 702 Daily and Weekly Newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook https://www.facebook.com/TalkRadio702 702 on TikTok https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 See omnystudio.com/listener for privacy information.
Rising unemployment is expected to add to the case for a lower OCR. Unemployment's hit a five-year high of 5.2% and is expected to rise further. Economists now broadly expect the Reserve Bank to cut the Official Cash Rate by another 25-basis-points to 3% in two weeks. BNZ Chief Economist Mike Jones told Mike Hosking further cuts now seem likely. He says his team have been forecasting a neutral rate of 2.75% for years, but there's a chance the OCR could get to 2.5 percent in the current cycle. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The sluggish job market is another bump in our road to economic recovery, according to some recent predictions. The unemployment rate's sitting at 5.2 percent - its highest point in five years. In late 2021, it was just 3.2 percent. Westpac senior economist, Michael Gordon, says it shows our economic slowdown's ongoing. He says it's not too surprising, given the Reserve Bank's moves to control inflation. "I think we're getting towards the end - we have seen economic activity picking up, but it's just not coming through in terms of businesses needing to hire just yet." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Anthony Albanese has backed a two-state solution in a phone call with the Palestinian Authority leader; Consumer confidence is at its highest level in three years ahead of next week’s Reserve Bank interest rate decision; A new study has revealed one in three Australian women live with migraine; Sean Diddy Combs has lost a bid to be released from jail ahead of sentencing. The Quicky is the easiest and most enjoyable way to get across the news every day. And it’s delivered straight to your ears in a daily podcast so you can listen whenever you want, wherever you want...at the gym, on the train, in the playground or at night while you're making dinner. Support independent women's media Find more information about migraines here. CREDITS Host/Producer: Sasha Tannock Audio Production: Lu Hill Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.
In today's episode, after more than 20 years as New Zealand's official secondary-school qualification, the government has pulled the pin on the NCEA; The parents of a two-month-old baby who died after being given an adult dose of medication are speaking out about the tragic loss of Bellamere; The Reserve Bank says the way we use cash is changing and it wants to know exactly how people are using cash, in its biennial survey on the subject; Sam Neill is one of two Kiwis to win trophies at Australia's biggest television awards, the Logies; The postmistress at the historic Ophir Post Office has retired after almost three decades.
The Reserve Bank says the way we use cash is changing and it wants to know exactly how people are using cash, in its biennial survey on the subject. Retail New Zealand chief executive Carolyn Young spoke to Corin Dann.
Last week, the Australian Bureau of Statistics revealed the annual inflation rate is at its lowest level in four years. It has triggered many economists to predict there will be a cut to the interest rate next week when the Reserve Bank of Australia meets. If you’re wondering what all of this means, you’ve come to the right place. Today we're talking to the Australia Institute’s Chief Economist Greg Jericho about what this all means. Guest: Greg Jericho, Chief Economist of the Australia InstituteInterviewer: Billi FitzSimonsProducer: Orla Maher We want to make sure TDA's content remains relevant and useful. Fill out this 3 minute survey to tell us more about you! Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.See omnystudio.com/listener for privacy information.
Welcome to The Adviser's What's Making Headlines podcast, your go-to source for the week's biggest stories in finance and real estate, distilled into bite-sized insights. Join commercial content writer Ben Squires and senior journalist Will Paige as they review the news of the week. This week, they discuss: The latest inflation data from the Reserve Bank of Australia. AMP Bank's newly launched broker platform. Record-breaking broker association figures. And much more!
Australians are still in work, and inflation is coming down, yet economic uncertainty is far higher now that it was during the peak of COVID.So why are so many of us feeling uneasy?
SBS Finance Editor Ricardo Gonçalves speaks with Besa Deda from Willam Buck and Luke Laretive from Seneca Financial Solutions to find out why today's lower inflation reading is likely to tip the Reserve Bank into cutting interest rates in August.
A top lawyer working with the plaintiffs in a large-scale banking class action is calling for a formal investigation into the 'serious civil service process failures' by MBIE. Rachael Reed, KC, has outlined her objections in a letter to Public Service Commissioner Sir Brian Roche and Attorney-General Judith Collins, voicing concerns with the Reserve Bank's risk assessment. She says the $12.9 billion figure is 'fantastical' and says it doesn't have a grasp of reality. "It just doesn't make sense on that first fundamental level." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Can I suggest Jarrod Kerr for Governor of the Reserve Bank? Jarrod is Kiwibank's Chief Economist. He has been completely consistent in his ongoing commentary around interest rate cuts and the Reserve Bank's need to do more. To be fair, our own Greg Smith at Devon Funds Management has told us, and argued, a similar story. The Kiwibank economic report that got a decent amount of coverage over the weekend is Jarrod's - proof positives that he is right and Adrian Orr and Christian Hawkesby have been, and are, wrong. As long as they continue to be myopic and look at nothing but inflation they can argue two things. 1) It's in the band, even though it's dangerously close to not being, and will most likely breach it this year, 2) This ongoing, but increasing false, idea that they have cut enough and the efforts of that will flow through eventually. We are virtually in August and the 25 points cut in the latter part of this year that's supposed to be lift off is nothing of the sort and the Kiwibank report confirms it. It tells us what we know already - the further south you go the better it is. But here is the real news; even in the best, most lucrative, optimistic part of the country i.e Otago and Southland they only get 5/10. A half mark is as good as it gets. The rest of the country is miserable. Are there signs? Yes, but how long do you want to squeeze the economic lemon looking for juice? Dairy, meat and kiwifruit - all the stuff we have talked about, and celebrated, is not only doing the heavy lifting; it's doing almost all the lifting. Tourism is there in Otago. But its still only 86% of what it was six years ago. Confidence is hard to find, foreigners still can't buy a house when they invest millions, and for every dollar you get from lower interest rates you pay $2 more for your power and insurance and rates, which have become the new version of highway robbery. The economy needs help. It needs a major enthusiast, it needs a circuit breaker and the Reserve Bank and their view and actions are potentially it. Jarrod sees it, Greg sees it, John Key sees it and wants a full 100 points drop. But until anyone of them is Governor, we rely on Christian and his committee and that is where the problem lies. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Michael Reddell, who appears on this show a fair bit, has put the Adrian Orr resignation back in the news. He has a source close to the action that, in simple terms, suggests that Orr packed a sad at a couple of meetings, one of which was with Nicola Willis, the chair of the Reserve Bank Neil Quigley wrote to Orr with a list of concerns over that behaviour, and Orr quit. The underlying issue appears to be the fact the Government were determined to cut the Reserve Bank's budget, which ultimately, they were successful in doing. Why? Because like everything else under the Labour Government, too much money was spent, things blew out and the Reserve Bank had wandered off into new and expensive areas they didn't need to be in. The main point being: essentially what we thought happened, did. Adrian Orr has a short fuse, a fairly elevated sense of entitlement and importance, and didn't like what was unfolding – which is fine. He didn't have to like it and if he disliked it so badly, he could walk, which he did. But, and here is where this is important, he held a critical role in all our lives. People in jobs like that need to exemplary. Exemplary in execution and exemplary in person. He wasn't. He was a failure. Which then takes us back to how he got the job: through Grant Robertson. Not only did Robertson appoint Orr, he reappointed him. Bad people make bad decisions, and those bad decisions go on to have consequences. By way of contrast what do you reckon the pressure on Jerome Powell is like right now? Is Powell yelling and packing a sad? Is Powell going to quit in a massive hissy fit and vanish from the face of the earth without a word? I have a dollar with anyone who wants it that the answer is "no". Maybe Orr doesn't give a monkey's. Maybe Orr is that sort of bloke who's so inflated and mesmerised by himself that he is well past any reputational reflection. Maybe Grant is too. But the damage still sits in our bank accounts and rates bills and economic funk to this day. The bloke who stuffed the joint, packed a sad and stormed out, never to be heard from again. It's a sad indictment on a role and influence that should have been handled a great deal more elegantly and with a mile more professionalism.See omnystudio.com/listener for privacy information.
It was a busy day at the RBA on Thursday, as their July 2025 Bulletin was released, including important analysis on how International Students impact the Australian economy (and housing); and also Michele Bullock speaking at the Anika Foundation fundraising lunch warned that the Reserve Bank of Australia's preferred measure of underlying inflation may not … Continue reading "The RBA's Messy Day And Why Rate Cuts Might Be Delayed – Again!"
L'aumento della disoccupazione, la proposta di introdurre una settimana lavorativa di quattro giorni e la situazione economica in Italia sono i temi della nostra conversazione con Max Tani, professore di Finanza della UNSW di Canberra.
Stephen Grootes speaks to Kokkie Kooyman, Executive Director and Portfolio Manager at Denker Capital, about upcoming reforms to South Africa’s payments system as the South African Reserve Bank prepares draft legislation. In other interviews, Adv. Thokozani Mvelase, CEO of the Communication Risk Information Centre (COMRiC), chats about the alarming rise in telecom fraud and what’s being done to stop it. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702702 on TikTok: https://www.tiktok.com/@talkradio702702 on Instagram: https://www.instagram.com/talkradio702/702 on X: https://x.com/CapeTalk702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalkCapeTalk on TikTok: https://www.tiktok.com/@capetalkCapeTalk on Instagram: https://www.instagram.com/CapeTalk on X: https://x.com/Radio702CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.
The Australian sharemarket has closed flat after opening higher, as strong gains in healthcare and materials were offset by a second straight day sell-off in bank shares, seeing investors moving towards the miners. For more, Stephanie Youssef spoke with Todd Hoare, the chief investment officer at LGT Crestone. Plus, the Reserve Bank has revealed its reasoning behind its decision to keep interest rates on hold at July's board meeting, saying lowering them wouldn't have been consistent with its strategy of easing monetary policy in a “cautious” approach. Independent economist Chris Richardson says it means an August rate cut is likely.
The Michael Yardney Podcast | Property Investment, Success & Money
In this Macro Insights Podcast, Ken Raiss and I examine the big picture and share our perspective on how this may impact our housing markets in Australia, as well as what, if anything, you should do as a property investor. We discuss what's ahead for interest rates, and clues in the news about economic indicators and consumer behaviour. We examine the dynamics of supply and demand, the influence of household wealth, and the importance of demographics in property investment. As somebody interested in property, there will be lots in the show for you. Takeaways · The Reserve Bank's cautious approach to interest rates reflects current economic uncertainties. · Investors who prepare and act strategically can benefit from market fluctuations. · High auction clearance rates indicate a strong demand for properties in major cities. · The mortgage cliff did not result in widespread defaults as anticipated. · Household wealth has increased, but many Australians do not feel its effects. · Property values tend to grow faster than inflation over the long term. · Demographics play a crucial role in property market dynamics and wealth transfer. · Holistic wealth management is essential for effective property investment strategies. · Self-managed super funds offer opportunities for leveraging property investments. · The conversation marks the beginning of a series of insights into property and economic trends. Chapters 01:36 Interest Rate Surprises and Economic Caution 04:12 Market Reactions and Property Trends 06:46 Mortgage Defaults and Consumer Behaviour 09:22 Global Influences on the Australian Economy 12:00 Household Wealth and Property Values 14:37 Superannuation Performance and Property Investment 17:12 Demographics and Wealth Transfer Links and Resources: Answer this week's trivia question here- www.PropertyTrivia.com.au · Win a hard copy of How to Grow a Multi-Million Dollar Property Portfolio – in your spare time. · Everyone wins a copy of a fully updated property report – What's ahead for property for 2025 and beyond. Michael Yardney Get the team at Metropole Wealth Advisory create a Strategic Wealth plan for your needs Click here and have a chat with us Ken Raiss, Director of Metropole Wealth Advisory Get a bundle of eBooks and Reports at www.PodcastBonus.com.au Also, please subscribe to my other podcast, Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Or click here: https://demographicsdecoded.com.au/
Rates, rent and power are a trio of factors responsible for driving up inflation, which has now jumped to a 12-month high. Stats NZ data showed food costs were also surging, alongside rates shooting up by 12.2% and electricity rising by more than 8%. However inflation is still within the Reserve Bank's target band and Finance Minister Nicola Willis has said it is under control. But the opposition said it shows the cost of living is still a problem. Kiwi bank Economist Jarrod Kerr spoke to Melissa Chan-Green.
More evidence today that New Zealand is on a different economic path to Australia. Today we got the CPI inflation data which showed that New Zealand inflation lifted further in Q2 to 2.7%. This mean that inflation is already at the peak the Reserve Bank had forecast in its May monetary policy statement. This confirms … Continue reading "Lessons, As Kiwis See Inflation Up, But Home Prices Down!"
Only a week after the Reserve Bank of Australia decided to pause its rate cutting series, the Australian government reported a rash of exceptionally weak labor data, including the highest unemployment rate for the country in four years. RBA wasn't alone; the Bank of England is finding out the same in the same hard way. Central bank rate cut pauses aren't unusual, and they almost always end just like this. Eurodollar University's Money & Macro Analysis******If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/******ONS UK CPI June 2025https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2025Bloomberg UK Unemployment Increases to 4.7%, Highest Rate in Four Yearshttps://www.bloomberg.com/news/articles/2025-07-17/uk-firms-cut-jobs-wage-growth-slows-in-cooling-labor-markethttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU