Podcasts about tibshraeny

Is cash really still King? For years, more stores are no longer accepting cash as payment and it’s easy to see why, with 94% of transactions in 2024 being digital. They’re also not obligated to either. In 2023, the Reserve Bank of New Zealand found cash usage for everyday purchases had decreased from 95.8% in 2019 -- to 57.2% that year. Apparently just 8% of New Zealanders were regular or daily cash users. But today, the Reserve Bank’s opened public consultation on a proposal that would force banks to set up hundreds, if not thousands, of additional ATMs and branches to make sure people have access to cash. Today on The Front Page, NZ Herald Wellington business editor Jenée Tibshraeny joins us to discuss why cash might be here to stay. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Chelsea DanielsEditor/Producer: Richard MartinProducer: Jane YeeSee omnystudio.com/listener for privacy information.

New Zealand won't be going cashless anytime soon under the Reserve Bank's new proposal. It wants to set up 1300 multi-bank hubs to provide full services free of charge. The plan ensures those in urban areas can walk to get cash - and the drive for those living rurally is reasonable. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

New Zealand won't be going cashless anytime soon under the Reserve Bank's new proposal. It wants to set up 1300 multi-bank hubs to provide full services free of charge. The plan ensures those in urban areas can walk to get cash - and the drive for those living rurally is reasonable. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The new Reserve Bank Governor is standing by the first OCR decision she's overseen - keeping the cash rate at 2.25 percent. Anna Breman said the Bank isn't happy with inflation being at 3.1 percent, but it's likely it will drop later in the year. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The new Reserve Bank Governor is standing by the first OCR decision she's overseen - keeping the cash rate at 2.25 percent. Anna Breman said the Bank isn't happy with inflation being at 3.1 percent, but it's likely it will drop later in the year. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government has launched a review into soaring home insurance costs - to take place over a six-month period. This investigation comes as AA Insurance moves to pause new home insurance offers across the South Island. NZ Herald Wellington business editor Jenee Tibshraeny unpacked what we can expect from this deep dive. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government has launched a review into soaring home insurance costs - to take place over a six-month period. This investigation comes as AA Insurance moves to pause new home insurance offers across the South Island. NZ Herald Wellington business editor Jenee Tibshraeny unpacked what we can expect from this deep dive. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Home owners could be left covering the costs of defective work on their properties once an overhaul of the Building Act is complete. The Government plans to give itself the ability to temporarily suspend the requirement for consumer protections to be put in place in the building sector. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Experts have indicated the Reserve Bank could be done cutting the OCR for the moment, and there's questions about what this could mean for homeowners. The window of time borrowers had to lock in longer term fixed rates after the OCR cut and before they started rising was narrow, and reports indicate they could have missed their chance. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Experts have indicated the Reserve Bank could be done cutting the OCR for the moment, and there's questions about what this could mean for homeowners. The window of time borrowers had to lock in longer term fixed rates after the OCR cut and before they started rising was narrow, and reports indicate they could have missed their chance. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Reserve Bank Governor Dr Anna Breman is pushing traders in financial markets to focus on the bank's November 26 Monetary Policy Statement. This has prompted investors to speculate that interest rates will remain low throughout 2026. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The new Reserve Bank Governor, Anna Breman, hosted an event for media earlier, allowing financial journalists to get their first look. Breman is monitoring the impact of tightening financial conditions, amid concerns about the state of the OCR. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Leaky-home experts fear a proposed overhaul of the Building Act could leave unlucky home owners - apartment owners in particular - in financial ruin. Under the new regime, liabilities are only assigned to the party responsible, and for many new buildings, a warranty will be required. NZ Herald Wellington business editor Jenee Tibshraeny unpacks the concerns further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Leaky-home experts fear a proposed overhaul of the Building Act could leave unlucky home owners - apartment owners in particular - in financial ruin. Under the new regime, liabilities are only assigned to the party responsible, and for many new buildings, a warranty will be required. NZ Herald Wellington business editor Jenee Tibshraeny unpacks the concerns further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government is delaying hiking the levy most home owners pay via their private insurers to fund the Natural Hazards Commission until 2027. The $552 levy was supposed to go up by between $207 and $311, but reports claim ministers are still considering their options, with Finance Minister Nicola Willis saying she didn't want to make a 'hurried decision'. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government is delaying hiking the levy most home owners pay via their private insurers to fund the Natural Hazards Commission until 2027. The $552 levy was supposed to go up by between $207 and $311, but reports claim ministers are still considering their options, with Finance Minister Nicola Willis saying she didn't want to make a 'hurried decision'. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The country's overdue tax debt has hit $9.3 billion for the year to June, according to new reports. It's growing faster than the Government's tax take and New Zealand's overall economy, prompting concern from experts. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The country's overdue tax debt has hit $9.3 billion for the year to June, according to new reports. It's growing faster than the Government's tax take and New Zealand's overall economy, prompting concern from experts. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Former Reserve Bank Governor Adrian Orr has threatened one of his fiercest critics with legal action. He has compelled a London-based central banking news publication to unpublish an article about his tumultuous resignation, written by a former Reserve Bank senior staffer, turned blogger, Michael Reddell. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Former Reserve Bank Governor Adrian Orr has threatened one of his fiercest critics with legal action. He has compelled a London-based central banking news publication to unpublish an article about his tumultuous resignation, written by a former Reserve Bank senior staffer, turned blogger, Michael Reddell. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour recently confirmed it aimed to campaign on the introduction of a capital gains tax on commercial and investment residential property. Leader Chris Hipkins also claimed the money raised would be used to fund the health system, but questions have been raised over whether this proposal can work. NZ Herald Wellington business editor Jenee Tibshraeny weighed up the idea, and whether Labour can be trusted to spend the money wisely. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour recently confirmed it aimed to campaign on the introduction of a capital gains tax on commercial and investment residential property. Leader Chris Hipkins also claimed the money raised would be used to fund the health system, but questions have been raised over whether this proposal can work. NZ Herald Wellington business editor Jenee Tibshraeny weighed up the idea, and whether Labour can be trusted to spend the money wisely. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government is more than halving the number of entities that need to make climate-related disclosures. It has proposed to only require listed issuers with market capitalisations of more than $1 billion to make disclosures. Currently, the threshold is $60 million. NZ Herald Wellington business editor Jenee Tibshraeny explains the changes further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government is more than halving the number of entities that need to make climate-related disclosures. It has proposed to only require listed issuers with market capitalisations of more than $1 billion to make disclosures. Currently, the threshold is $60 million. NZ Herald Wellington business editor Jenee Tibshraeny explains the changes further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

I think it's fair to say, don't you think, that Labour's first policy has been a flop? It's been panned by pretty much everybody worth listening to or worth reading. I mean, I see Maiki Sherman over at TVNZ liked it last night. She called it a 'solid first hit' on telly, but I think everyone else seems to have seen through what Chippy's trying to do here. Let me quote you some. Tom Pullar-Strecker at The Post: Labour's Future Fund hits the buzzwords, but the rationale is hard to follow. Pattrick Smellie at BusinessDesk: This suggests either that Labour is economically illiterate or that its target audience is presumed to be. Radio New Zealand: The distinct lack of detail has left Labour somewhat exposed, evoking echoes of other ambitious projects that fizzled like KiwiBuild or the Green Investment Fund. Jenée Tibshraeny at the Herald says this is actually less about making New Zealand wealthy and really more about having a crack at National and possible asset sales at the next election. Henry Cooke at The Post: Labour's Future Fund promises everything and nothing. It's hard to know what to really make of this. And then from Patrick Smellie again, because his piece is just so eviscerating: Labour will have to do a whole lot better than this. Now, basically, what you could take from that is that no one serious is convinced by it - because Labour has taken a great idea, which is Singapore's Temasek, and then taken away all the things that make Temasek successful. Temasek sells assets, this lot is not allowed. Temasek invests overseas, this lot is not allowed. That's just a couple of the problems here. Honestly, the list of problems in this policy announcement is so long, we could do an entire show about it. I suspect Labour knows and I think they know it's a bad idea. They just think we're too stupid to realize how bad an idea it is. They think that we're going to be hoodwinked by all of the feel-good slogans about investing in New Zealand's future and cutting out the foreign investors and stuff like that. But I'm happy to report that judging by the media roundup I just read you, we're not at all as stupid as Labour thinks we are. We can see a dog policy when we're presented with one, and this is one. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank recently disputed the idea that Covid-era money printing programme caused sky-high inflation, which cost the Government billions. Staff at the bank have published new research that concludes the bank's $55 billion Large-Scale Asset Purchase (LSAP) programme didn't 'meaningfully' contribute to above-target inflation following the pandemic. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank recently disputed the idea that Covid-era money printing programme caused sky-high inflation, which cost the Government billions. Staff at the bank have published new research that concludes the bank's $55 billion Large-Scale Asset Purchase (LSAP) programme didn't 'meaningfully' contribute to above-target inflation following the pandemic. NZ Herald Wellington business editor Jenee Tibshraeny explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government is looking to move forward with plans to change who is liable for defective building work, and it's raised questions about what this could mean going forward. For decades, all parties involved in a build have been jointly liable for problems, with local councils mostly picking up the tab. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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.

There are fears the Government's proposal to change who is liable for shonky buildings risks leaving homeowners in the lurch. The Government is proposing to prevent local councils from being lumped with big bills if they consent buildings that turn out to be leaky or defective. NZ Herald Wellington business editor Jenee Tibshraeny reveals why homeowners have voiced concerns. LISTEN ABOVESee 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 Reserve Bank is moving to cut 20 percent of its staff in a bid to unwind the hiring spree by former Governor Adrian Orr. The restructure will see the net reduction on 142 roles, including 35 vacant positions. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Building Nations conference kicked off today, with the nation's major political parties seemingly aligned on future infrastructure. National's Chris Bishop and Labour's Kieran McAnulty spoke this afternoon, and they appeared to be united about future partnerships. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government has given the green light to a partial privatisation for KiwiBank. The bank now has the opportunity to raise up to $500 million from investors. NZ Herald Wellington business editor Jenee Tibshraeny explains the deal further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Treasury has confirmed concerns were raised about former Reserve Bank Governor Adrian Orr's conduct. Its comment comes as it responds to an allegation there was more to Orr's departure than the public has been led to believe. NZ Herald Wellington business editor Jenee Tibshraeny speculates further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

ANZ has declined a proposed settlement by lawyers leading a massive class action against the bank for giving customers the wrong information about their loans. The lawyers asked ANZ to agree to pay a penalty of up to $300 million, on top of the $35 million it has already paid more than 100,000 customers to compensate them for the error. ASB, which is also subject to the class action, is yet to respond to the proposal for it to also make a payment of up to $300 million. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Unions are urging Uber to consider New Zealanders needs - after drivers protested outside the Supreme Court today. It's over an Uber appeal of a 2022 ruling that deemed four drivers employees, allowed things like sick leave and holiday pay. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Reports reveal ACC is planning to be more scrupulous when paying claims, as the Government pressures it to run a tighter ship. The state insurer has committed to “highly ambitious” targets around getting injured people rehabilitated and back to work quicker. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

New reports reveal the Government did get lobbied by the Banking Association over a proposed law change to prevent costly class action lawsuits. Minister Scott Simpson claimed this wasn't the case earlier - and claimed the banks hadn't called for it. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Finance Minister's revealed top-level legal advice was sought over the Reserve Bank's battle with Treasury for funding. The bank received less money than it anticipated in the latest funding round - which prompted Adrian Orr to quit as Governor. NZ Herald Wellington business editor Jenee Tibshraeny unpacks the issue further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

There are fears Finance Minister Nicola Willis is opening a can of worms by potentially allowing young farmers to dip into their KiwiSavers to buy farms. She explained she was seeking advice from the IRD on the matter, which is yet to be considered by Cabinet. NZ Herald Wellington business editor Jenee Tibshraeny weighed in on the debate. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Homeowners need to brace for another cost increase, this time to help fund the state disaster insurer, the Natural Hazards Commission. The minister responsible for the commission, David Seymour, says levies will 'almost certainly' need to rise, with Cabinet set to decide the changes in the coming months. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank delivered their quarterly update on the OCR - but there was a hawkish undertone this time round, according to experts. The central bank cut the Official Cash Rate by 25 basis points to 3.25 percent, in line with expectations from economists. Despite this, NZ Herald Wellington business editor Jenee Tibshraeny noted there were some concerns about the economic future. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Budget 2025 is set to be revealed to the nation tomorrow - and Finance Minister Nicola Willis has promised it will be a “No BS Budget” with “some surprises”. Willis will take a step towards unwinding the expansion of Government that accompanied (and followed) the pandemic - while growing the economy. NZ Herald Wellington business editor Jenee Tibshraeny outlines some questions she hopes to see resolved. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Finance Minister Nicola Willis has talked up how changes to KiwiSaver, due to be announced at the Budget, will boost members' balances. She's offered up some hints - but it's unlikely the Government will help by opening up its wallet. NZ Herald Wellington business editor Jenee Tibshraeny speculates further ahead of Budget day. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank of New Zealand is continuing to buy foreign currency assets to give it more firepower, should it need to intervene in the market during a crisis. The central bank sold a whopping $259 million of New Zealand dollars in March to buy assets, such as government bonds, linked to other currencies. The sale marked the second-largest foreign exchange-related transaction (or series of transactions) the Reserve Bank (RBNZ) has engaged in during a month in just over a decade. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Finance Minister has adamantly denied any suggestions of the Government trying to interfere in the Reserve Bank. Critics have raised concerns that the Reserve Bank's temporary Governor and Chair are acting to appeal to Nicola Willis' interests. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour is staying tight-lipped, as Te Pāti Māori says Māori should receive New Zealand Superannuation seven to 10 years before everyone else. Meanwhile, the Green Party supports lowering the age of eligibility for Super for some groups in society. NZ Herald Wellington business editor Jenee Tibshraeny says this has prompted a divided response. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Government has introduced legislation that could see more than 150,000 mortgage holders miss out on hundreds of millions in compensation for mistakes made by ANZ and ASB. The Government wants to ensure lenders are not disproportionately punished if they fail to disclose all the right information about a product to their customers. NZ Herald Wellington business editor Jenee Tibshraeny explains what this could mean for the banks - and homeowners. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank wasn't planning to announce former governor Adrian Orr's resignation until after it had hosted a big international conference. But the unexplained resignation was brought forward by five days to March 5 - the day before the conference, new documents reveal. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.