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Copies of text messages just released by Treasury confirm Adrian Orr was likely to be sacked if he didn't resign as Reserve Bank Governor. The process was so advanced, Secretary to the Treasury Iain Rennie warned Finance Minister Nicola Willis she might receive a recommendation from the Reserve Bank board to advise the Governor-General to remove Orr. NZ Herald Wellington business editor Jenee Tibshraeny explained further, LISTEN ABOVESee omnystudio.com/listener for privacy information.
Stephen Grootes speaks to Kabelo Khumalo, Companies and Markets Editor at Business Day, about the Reserve Bank seizing R94.5m from alleged “gold mafia” firm Rappa Resources for breaching exchange controls. The move underscores the company’s growing 'unbankability; as lenders like Capitec cut off its access to foreign currency. 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/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
Episode #223 features Lisa Sthalekar — 4x World Cup Winner and Inductee into both the ICC and Australian Cricket Halls of Fame, recognised as one of the most influential figures in the history of women's cricket (the first woman to have scored over 1000 runs and taken 100 wickets). +++This episode is part of a special series in partnership with the Australian Government and their Centre for Australia–India Relations. These episodes highlight the growing ties between Australia and India across tech, business, media, culture, and sport. With around one million people of Indian heritage now in Australia—the fastest growing large diaspora—this series shares the untold stories of change makers shaping both nations' futures.+++To support this podcast, check out our some of our sponsors & get discounts:→ $1,000 off Vanta: Your compliance superpower — vanta.com/high→ Get up to 6 months of Notion's Business plan for free with Notion AI included (worth $12K): Go to - https://ntn.so/highflyers & click “Apply Now”If you're keen to discuss sponsorship and partnering with us or recommend future guests, email us at contact@curiositycentre.com today!Join our stable of commercial partners including the Australian Government, Google, KPMG, University of Melbourne and more. ***CLICK HERE to read show notes from this conversation. Please enjoy!***Follow us on Instagram, LinkedIn or TwitterGet in touch with our Founder and Host, Vidit Agarwal directly hereContact us via our website to discuss sponsorship opportunities, recommend future guests or share feedback, we love hearing how to improve! Thank you for rating / reviewing this podcast on Apple Podcasts and Spotify, it helps others find us and convince guests to come on the show! ***The High Flyers Podcast is described as a "meticulously researched biography" that uncovers the untold stories of remarkable people and companies -- redefining the "high flyer". Launched in 2020, we have ranked in the global top ten podcasts for past two years, with listeners in 27 countries and over 200 episodes released. Excerpts of the podcast have been featured in Forbes, AFR, Daily Telegraph, and showcased at SXSW.200+ guests have joined host, Vidit Agarwal on the show from 15+ countries, including The CEO's of multi-billion dollar companies like Bunnings, Australia Post, Woolworths, Airwallex, Eucalyptus etc; Board Members at Macquarie Bank, ANZ, Reserve Bank etc; Former Prime Minister of Australia; Globally renowned Tech CEO's from Google, Microsoft, Xero etc, Successful Venture Capital and Family Office Investors; CIO's at the world's biggest superannuation funds; Leading Entertainers; Olympic Gold Medal Winning Athletes and interesting minds you wouldn't have heard of that are changing the world. Our parent company, Curiosity Centre is your on-demand intelligence hub for knowledge, connections and growth to achieve your potential, everyday. Join 200,000+ Investors, Founders, Functional Leaders, CEOs and Emerging Leaders. Learn with the world's best and be 1% better everyday at https://curiositycentre.com***
We should all thank Kelly Eckhold, a some-time participant on this show and most-of-the-time economist at Westpac, for his thinking around the future of the Reserve Bank. As I have said many times, if one good thing came out of Covid, it put the Reserve Bank, its role, and its influence front and centre for many more of us that may never really have paid attention to its workings and its ability to shape everyday aspects of our lives. Eckhold suggests the new governor put the inflation target a little higher than 1-3%. Historically we sit at about 2.5%, so chasing less than that can have a lot of effects you may, or may not, want. Do remember some inflation is good. You want inflation, you just don't want the amount we have had, and you want it produced from growth, not just cost-plus-accounting from councils and power companies. More importantly for me is the public accountability. The Quigley/Orr debacle shows you what can go on when public disclosure is not as fulsome as it could be. Eckhold wants the Monetary Committee vote made public. Good idea, so it should be. It's not often there is a divergence, but there has been lately. In fact, the last statement involved a 4-2 vote, which has never happened before. So why don't we know who they were and what they said? The rules as they stand mean a person on the committee can out themselves. But you will notice from last time that no one has. Why not? Next idea: a press conference should be held after each meeting, not just the ones that produce a cash rate call. I know I'm a wonk, but I cannot press enough the value of watching these things live. Not just the Reserve Bank, but opticians who these days, thanks to digital coverage of places like the Herald, run them in full routinely. The irony of that is you would be amazed what you learn, as opposed to what you may or may not learn from a news bulletin edited and often curtailed to a point of nonsense later in the day in a news bulletin. The best example is the Prime Minister's press conference on a Monday after Cabinet. So, more pressers, more transparency, which is more detail, more sunlight, more inquisition and more knowledge. What possibly could the Reserve Bank argue is wrong with that? See omnystudio.com/listener for privacy information.
In this episode, sponsored by Flexdoc, we discuss the slowdown in the US economy and what it means for property investors here in Australia. The latest data shows US job growth cooling, unemployment edging up, and business confidence turning lower. That's a major signal for the US Federal Reserve, which is now under pressure to cut interest rates to stop the slowdown from tipping into a deeper recession.Rate cuts in the US don't just stay in the US. They set the tone for global markets. When the Fed moves, the Reserve Bank of Australia takes notice. With inflation easing locally and growth already soft, the RBA will have room to follow with its own cuts. Europe and China are facing the same challenges, which means 2025 could be a year of coordinated global easing.For Australian property investors, this matters. The first sign of lower rates often sparks confidence. Investors re-enter the market, even before several cuts take place. Add that to a supply shortage, strong population growth, and tight rental markets, and the outlook for property remains supported.Listen in as Peter breaks down how global trends shape local opportunities.
Further revelations, first reported by the Spinoff, show the Reserve Bank of New Zealand failed to publicly disclose a meeting held at the time it was disputing its funding with the government. It follows the resignation of Governor Adrian Orr and former board chair Neil Quigley. Q+A asked former Reserve Bank chair Arthur Grimes about how the saga has impacted the Reserve Bank's standing, and whether Kiwis should be concerned about political interference in monetary policy.
With 1News political editor Maiki Sherman, former Reserve Bank chair Arthur Grimes, former Prime Minister Sir Geoffrey Palmer, and Housing Minister Chris Bishop.
What happens when interest rates drop while government incentives for first-home buyers roll out? In this episode, Moxin Reza sits down with property market strategist John Lindeman to unpack the Reserve Bank of Australia's latest rate cuts and the early implementation of the First Home Guarantee Scheme—and what both mean for today's buyers and investors.Together, they dive into the supply-and-demand dynamics across Australia's capital cities, revealing where growth opportunities are emerging and where markets could slow down. From policy shifts to buyer behaviour, Moxin and John share powerful insights on how these changes are reshaping the property landscape.Most importantly, they highlight why timing is critical in this market cycle. If you've been waiting on the sidelines, this episode might just convince you that now is the moment to act.Episode Highlights 00:00 Welcome to Help Me Buy Property Podcast 03:38 RBA Rate Cut & First Home Schemes10:26 Australian Capital Cities Property Trends15:36 Government Policies & Housing Demand23:22Real Estate Market Growth Trends27:28 Final Thoughts About the Guest:Mr. John Lindeman is a renowned Australian Property Market Analyst and an avid Property investor for over 40 years and has been professionally involved in the market for about 20 years.Lindeman Reports: https://lindemanreports.com.au/ Click on the link below to download Australian Bestseller “A Millennial's Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGRResources: · Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyauYou can also connect with us on https://www.linkedin.com/company/77080688.Keep smiling, be kind, and continue investing. Peace out! Hosted on Acast. See acast.com/privacy for more information.
Reserve Bank chair's after-hours exit fails to blunt media interest, harsh spotlight on new political candidate, the farmer who survived a bolt from the boot, political reporter returns - and the return of The Mish. Go to this episode on rnz.co.nz for more details
It's another hit of the most insightful and sharp 30 minutes in political analysis. Tonight Wallace is joined by The Spinoff's Lyric Waiwiri-Smith, Dan Brunskill of interest.co.nz and former Labour Phil Goff. On the show tonight, we look at changes to the overseas buyers ban, has Winston Peters had to swallow a dead rat? Then, Donald trump is quiet for a few days over the holidays, nek minute, the internet thinks he's dead. What does that say about the president of the USA? Many recent changes at the Reserve Bank have highlighted issues with the independant central bank: what's going on there? And finally we'll look at Luxon;s wooing for Taylor Swift and this Saturday's Tamaki Makaurau by-election.
The South African Reserve Bank has gazetted the 4th Variation Notice, giving Postbank the green light to generate a new secure key and replace the remaining SASSA Gold Cards with upgraded Black Cards. The announcement came during a briefing to Parliament's Social Development Committee, where the Reserve Bank also highlighted the looming expiry of the SASSA–Postbank Master Service Agreement at the end of September. This development follows SASSA's decision to terminate its contractual arrangement with Postbank. Elvis Presslin spoke to Bridget Masango, Chairperson of the Portfolio Committee on Social Development in Parliament
Joseph Capurso and Carol Kong discuss the top influences on currency markets this week including the US non-farm payrolls, comments by the Reserve Bank of Australia's officials and Japan's labour cash earnings. Disclaimer: Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au. No Reliance This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast. The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. Liability Disclaimer The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.
Rhetorical question - why do you think Neil Quigley quit on a Friday night? The key is, he would have been booted if he didn't walk. So it sort of ends a shambolic and shameful period for what should be one of our most esteemed institutions. Between Orr and Quigley (mainly Orr) they have made a joke of the Reserve Bank. What should have happened is simple. When the Government decided, rightly, that the gargantuan amount of money Orr wanted to run his fiefdom was never going to fly Orr should have, in an adult way, stated he disagreed and he disagreed to the point he could not see himself continuing in the job. He would then resign, they would organise a nice, but frugal, farewell morning tea and that would have been that. But what actually happened was Orr chucked his toys, yelled and stamped his feet to the extent that Quigley had to write to Orr. All this was also kept secret until the Official Information Act and the Ombudsman forced their hand and exposed them for the bunch of egotistical babies they are. Quigley was yelling at Treasury, Orr was yelling at Willis, deals were looking to be done, letters and proof was looking to be binned and cheques were being written to make it all go away. Lest we forget, in an irony of ironies, this is the same group of clowns who buried the economy in the hole we are still trying to get ourselves out of years after Covid. So they couldn't do their job, they stuffed the place, then packed a massive sad when their rain shower of funding was getting rectified, started a big tantrum and scrap with various departments and ministers, then tried to cover it all up. Have I missed anything? Oh, Orr vanished with the money, never to be heard from again. To his credit Quigley hung around and made a few public appearances while trying to paint a picture of normality, until the Ombudsman undid him last week and that was that. They really are an embarrassing, shambolic mess. On a side note, it's also why I assume Christian Hawkesby stands zero chance of getting Orr's old job. He is fatally linked to this period of mayhem. We'd be glad to see the back of them, if it wasn't for the fact we are still trying to clean up the mess and every one of us is paying the bill. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Christopher Luxon doesn't think the Reserve Bank's reputation has suffered any long-term damage. Neil Quigley resigned as chair of the central bank on Friday night, after Nicola Willis raised concerns over its handling of Adrian Orr's resignation earlier this year. Willis has revealed to Newstalk ZB, she would have asked Quigley to resign, if he hadn't resigned of his own accord. The Prime Minister says Quigley has made the right decision. He doesn't think the current situation is a mess, but it would have been a shambles if it had carried out much longer. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Host Nigel Grant (Head of Wealth Product, ASB) is joined by Chris Tennent-Brown (Senior Economist, ASB) for a mid-year check-in on the New Zealand economy. They unpack the Reserve Bank's latest OCR decision, inflation and labour market dynamics, and housing market developments. With a wave of mortgage refixes on the horizon and global uncertainty still in play, Chris shares insights on what could drive further OCR easing, how households and businesses are responding, and what investors should consider in the months ahead.
Western media continues to be complicit even as Israeli atrocities get slightly more coverage. In NZ more details come out about the FBI office - who is leading the country when security details are actively hidden from the PM? And there are serious questions to be asked about what's happening at the Reserve Bank.This episode's co-hostsPhilip, KyleTimestamps0:00 Opening 2:10 Israeli Atrocities and Western Media20:42 FBI Office29:48 Lost Optics34:54 Failing to Appeal38:46 The Reserve Bank53:12 Supermarkets1:00:54 ClosingIntro/Outro by The Prophet MotiveSupport us here: https://www.patreon.com/1of200
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.
Reserve Bank Chair Neil Quigley has resigned. Acting political editor Craig McCulloch spoke to Lisa Owen.
Whether it's the government, international organisations, higher education, or the media, one of the defining dynamics of the social media age is the deteriorating trust in public institutions. It's extraordinary, really. At a time when humans are on the whole wealthier, healthier, and more dominant than at any other time in our species' history, we're more distrustful of the institutions that are supposed to serve us. Saturday Mornings is usually a monetary policy-free zone, and I promise to mostly keep it that way for now. But it was pretty remarkable at the close of play last night to see an announcement from the Finance Minister about the Chair of the Reserve Bank. Neil Quigley had resigned, effective immediately, following further revelations about his handling of former Governor Adrian Orr's departure. Nicola Willis confirmed to Newstalk ZB that if Quigley hadn't offered his resignation, she'd have asked for it. I don't expect everyone to follow all of the Reserve Bank dramas. But the long and short of it is that former Governor Adrian Orr got in a dispute with the government over the bank's funding. It turned into a showdown of sorts, the Reserve Bank Board raised concerns with him about his conduct (some of which he disputed), and after taking leave for a few days he ultimately resigned. But instead of being absolutely transparent about the dispute and what had actually happened, the RBNZ Chair Neil Quigley told media that Orr had resigned for “personal reasons”. If this was just some rando then no harm no foul. But Adrian Orr was the Governor of the Reserve Bank, one of the most powerful public servants in the country. His pen stroke and the decisions of his Monetary Policy Committee could be the difference between thousands or hundreds of thousands of people losing their jobs or homes. Like many journalists, I didn't buy the “personal reasons” explanation and felt we all deserved to know more detail about what had actually happened. Ater all, this wasn't a private company. The Reserve Bank serves us. After Neil Quigley's explanation, and after the Reserve Bank declined for Adrian Orr to be interviewed, I even went to the extreme length of sending him a letter at his home asking him to front. It's something I'd almost never do, but the public deserved an explanation. And it's taken until now and a ruling from the ombudsman for us to get the full story. I think there are lessons in this for all of us who work in jobs that purport to serve the public. In my role, I think about trust a lot. And look, I know this is very different to the Reserve Bank, much lower stakes, but I had the chance to reflect on my own work this week, and tried to lean into the spirit of introspection and openness. I was on a podcast, re_covering, in which Newstalk ZB's Frank Ritchie asks journalists to reflect on a story they covered. I didn't choose one which I'd absolutely nailed. Instead, I reflected on my five years as TVNZ's US Correspondent, and on my surprise at the first election of Donald Trump. As I said on re_covering, the fact so many of us were so shocked by the result (including Trump!) shows I and the rest of the news media covering that election had done a massively insufficient job of reflecting the scale of the anger and dissatisfaction with the status quo in the US. That election changed the world. Ultimately, I hope reflecting on my surprise will make me more sceptical of conventional wisdom, and better at my job today. Humans are fallible. We all make mistakes. But the Reserve Bank episode demonstrates the best thing a public institution can do to protect its reputation is not try and protect its reputation. Just admit when you got things wrong. Admit things that make you look bad. Learn lessons the hard way. Convince the public you have nothing to hide by showing us you have nothing to hide. See omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Friday, 29 August 2025, Reserve Bank chair Neil Quigley has quit with immediate effect. Finance Minister Nicola Willis tells Heather if he hadn't left voluntarily, she would have sacked him. The Marokopa fugitive dad and his kids have burgled a dairy this week - but police don't sound like they're actively trying to find them. Why did Heather have to apologise to TVNZ CEO Jodi O'Donnell? A member of the Mongrel Mob has asked a judge for his confiscated patch back and the judge has said yes.. because of tikanga. Law Professor Al Gillespie says it was a good call. Plus, the Sports Huddle on this week's discussion about the risk of longlasting brain injuries from rugby - and whether more needs to be done to prevent them. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.See omnystudio.com/listener for privacy information.
Reserve Bank board chairman Neil Quigley has resigned “with immediate effect” in the wake of the shambolic handling of Adrian Orr's resignation as Governor. Finance Minister Nicola Willis made the announcement just before 6pm on Friday - the day after the Reserve Bank revealed Orr temporarily stepped down as Governor a week before the public was told he resigned The Finance Minister says she did not ask the Reserve Bank Chair to quit, following news he's resigned with immediate effect. Nicola Willis told Heather du Plessis-Allan that having completed key work streams with the bank, Quigley said the timing was appropriate. Willis says she raised criticism around the board's handling of information relating to the former Governor's exit. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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…"
Banks and fintechs use Artificial Intelligence to detect fraud in credit scoring, but with new opportunities come new risks, including that of bias and accountability. The Reserve Bank of India recently released a report called Framework for Responsible and Ethical Enablement of AI (FREE-AI) to regulate the use of AI in the financial sector. The report has seven 'sutras' or guidelines and 26 recommendations to encourage innovation in this space. The report has seven 'sutras' or guidelines and 26 recommendations to encourage innovation in this space. Guest: Prof. Prasanna Tantri, Associate Professor of Finance and the Executive Director of the Centre for Analytical Finance at the Indian School of Business Host: Nivedita V Edited by Jude Francis Weston Learn more about your ad choices. Visit megaphone.fm/adchoices
The Prime Minister ponders the positive effects Fonterra’s $3.2 billion capital return sugar hit could have for the rural economy. Plus, whether he overstepped the mark by chewing the ear of the Reserve Bank? We also ask what an acceptable economic growth rate is, and whether Todd McClay wasted his time talking tariffs in Washington. See omnystudio.com/listener for privacy information.
It's been revealed the Reserve Bank chairman sent a warning letter to Treasury in the wake of Adrian Orr's resignation. Neil Quigley warned that it would 'immediately destroy the goodwill' between the two entities if it publicly released details of the fateful meeting. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
The ASX edged higher, but with inflation coming in higher at 2.8%, will this now force the Reserve Bank to sit on rate cut movements for longer?See omnystudio.com/listener for privacy information.
For years, investors got used to borrowing at low rates. But with interest costs climbing, many are now asking: is this the end of cheap money?In this episode, Ed and Andrew break down the “grey wave” theory — the idea that retiring baby boomers will reshape global savings and push interest rates higher. But does the data really support that? And what does it mean for property prices here in New Zealand?Listen in as we cover:Why some economists argue baby boomers will drive interest rates upThe evidence from Japan, and why it might point in the opposite directionWhat the Reserve Bank of NZ says about where interest rates are headed nextIf you want to understand what's really driving borrowing costs (and how it affects the housing market), this one's for you.Don't forget to create your free Opes+ account here.For more from Opes Partners:Sign up for the weekly Private Property newsletterInstagramTikTok
Federated Farmers' banking spokesmen - past and present - say the Reserve Bank’s decision to review bank capital rules is the first step towards lower interest rates and fairer access to finance for farmers.See omnystudio.com/listener for privacy information.
The Reserve Bank's move to review banking capital rules has been welcomed by Federated Farmers. Banking spokesperson Mark Hooper says the stricter rules make it difficult for farmers to borrow money - and these changes will make things fairer. The Country's Jamie Mackay explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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.
Has the penny dropped? There was no shortage of headlines and news coverage yesterday out of our interview with the Prime Minister on the Reserve Bank. In a nutshell, Luxon suggested Christian Hawkesby blew it and should have/could have moved faster on the cash rate. This is news, but not because the Prime Minister is right. We all know he is right. But there is a convention whereby because the Reserve Bank is independent you don't bag them, especially if you are a politician, far less the most influential politician. But here is why Luxon was right and deserves recognition for what he said: there comes a time when you've got to say what you've got to say. You can't dance around convention without becoming convention's victim. There is too much of that. People who can't have a go at judges is another example. By tiptoeing around the truth, we invite complacency and accountability becomes woefully lacking. The cold, hard politics are at play as well. Christian Hawkesby and his gang of monetary committee wonks aren't up for re-election next year. Believe me, if Luxon wanders the countryside telling us he wished the cash rate was lowered faster, he's not getting any sympathy. The extreme of course is Trump, where you call for sackings and, occasionally, actually do some sacking. We don't need to be that unhinged. But it is unfairly restrictive for a government to cut spending, cut red tape, change rules and laws, trim jobs, cap councils, upend the RMA, and get the fast track going. Or in other words, work their butts off pulling every lever they can to fire the joint up. But in the meantime, the old dump de dos on the terrace can't see a contraction when it smacks them in the face and they stall the economy through ineptitude. Also, quite apart from anything, we like strong leadership. We like people telling it like it is. If Luxon has had a weakness it might just be he has been a bit corporate, a bit beige, a bit polite and a bit nice. Hopefully yesterday was the start of something new and more strident and with it a few more people are held to open, public account. See omnystudio.com/listener for privacy information.
On the Mike Hosking Breakfast Full Show Podcast for Tuesday 26th of August, the Reserve Bank is opening consultation on banks' capital requirements – Chair Neil Quigley discusses the situation. TVNZ will be introducing a paid event pass for the first time ever after securing the broadcasting rights for the 2026 FIFA World Cup. Mark 'Frosty' Winterbottom has a new memoir out about his time as a full time Supercars driver, so we had to catch up with him. 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.
The Reserve Bank says it wasn't dragged kicking and screaming to a review of capital rules. It's put out two proposals aimed at loosening capital requirements. Board Chair Neil Quigley says they were reviews that the bank has been looking at for a while. He told Mike Hosking if they were loosened, it wouldn't cause too much of a shakeup, and it probably won't have a big effect on pricing. Meanwhile, Quigley says the decision about a full-time replacement for Adrian Orr is weeks away. LISTEN ABOVE See omnystudio.com/listener for privacy information.
The Prime Minister's stressing he doesn't tell the Reserve Bank what to do, but does offer his view. Chris Luxon told Mike Hosking this morning he gives interim Governor Christian Hawkesby his reckons before the OCR's set. Speaking this afternoon, Luxon denied he has any influence over the bank's decisions. Newstalk ZB senior political correspondent Barry Soper wonders if this is still too much for Luxon. LISTEN ABOVESee omnystudio.com/listener for privacy information.
A banking expert believes changes to capital requirements would impact home loans and other lending. The Reserve Bank's seeking feedback on proposals to lower the requirements. The Government is concerned the current settings are inhibiting economic growth. Head of Massey University's Finance school, Dr Claire Matthews, says a lot of people have said the bank's gone too far with those requirements. "It's just taken the Government intervention to actually force them to have another look at it." LISTEN ABOVESee omnystudio.com/listener for privacy information.
On the Heather du Plessis-Allan Drive Full Show Podcast for Monday, 25 August 2025, did the PM overstep when he said he thinks the Reserve Bank should have cut the OCR more than they did? Finance Minister Nicola Willis says no but banking expert Dr Claire Matthews says yes! The Police Association's Chris Cahill says senior police officers are being too harsh on their new young colleagues - after a survey found the oldies don't think the young ones are not up to scratch. A concert promoter and a hospitality boss weigh in on what we should do to attract more big events to NZ. Pic Picot tells Heather why he decided to sell a 51% stake of his brainchild Pic's Peanut Butter to an Australian company. Plus, the Huddle debates whether house prices need to fall, and whether Chris Bishop is just a brave politician saying it out loud. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Tonight on The Huddle, Child Fund CEO Josie Pagani and Tim Wilson from the Maxim Institute joined in on a discussion about the following issues of the day - and more! New data shows older police officers are concerned about the skills demonstrated by the younger graduates - is this a case of older cops projecting on young people or are their concerns valid? Housing Minister Chris Bishop recently said it was a good thing that house prices were dropping - what do we make of this? Prime Minister Chris Luxon recently claimed he would have liked the Reserve Bank to cut the OCR more. Was this out of line? Do we go on holidays with our friends? LISTEN ABOVESee omnystudio.com/listener for privacy information.
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
"MP's struggle to identify silver bullet solutions". That was the headline Friday as Jenee Tibshraeny detailed a years worth of work by the Finance and Expenditure Committee that has come up with zip. Oh they have made recommendations, don't get me wrong. Imagine what it would look like if they had been toiling away for a year and came up with a blank piece of paper. But without telling you I told you so... I told you so. Here is the difference between us and them. They entered this particular exercise with an ideological or conspiratorial bent. The opposition and their ideas involve public ownership, Māori banking theories and all sorts of psychobabble that has nothing to do with competition. The Government has the Nicola Willis idea that this is all a scam, the banks are crooks and they are ripping us off. I have argued there is no scam, there is plenty of competition and I have become increasingly convinced the issue really lies in the Reserve Bank and their desire for retail banks to hold gargantuan amounts of money in reserve "just in case". Labour buys into this thinking, which is why they appointed Adrian Orr, who introduced the rules in the first place. The evidence is all around us. Is there choice? Do people swap banks a lot? Do banks openly compete for customers? Can you do deals through brokers, or directly? Yes, yes, yes and yes. Would more banks help? Probably, but there is nothing stopping them opening. So, the committee has no silver bullet. Do you know why? Because there isn't one. Because guess what - the system isn't broken. No, it's not perfect. It's what happens with limited markets and small populations. As I have said to Nicola Willis all along, if you've got an answer, do it. Pull the trigger, show us your trick and wave your wand. But one year of searching tells you one thing. If you look at things with an open mind, you wouldn't have gone down the rabbit hole. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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.
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.
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.
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
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.
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.