A former senior economist at the Reserve Bank is calling releasing details of who voted which way on the Official Cash Rate a 'baby step'.

It's been agreed by the Minister of Finance and the Monetary Policy Committee that vote details will be released publicly if committee members are unable to come to consensus on the OCR.

The charter comes into effect today. 

Michael Reddell says it's fairly rare for the committee not to come to a consensus, but it's a good step. 

"So I'm not criticising it, it's just that it's not a particularly bold move."

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A former senior economist at the Reserve Bank is calling releasing details of who voted which way on the Official Cash Rate a 'baby step'.
It's been agreed by the Minister of Finance and the Monetary Policy Committee that vote details will be released publicly if committee members are unable to come to consensus on the OCR.
The charter comes into effect today.&nbsp;
Michael Reddell says it's fairly rare for the committee not to come to a consensus, but it's a good step.&nbsp;
"So I'm not criticising it, it's just that it's not a particularly bold move."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Michael Reddell: former Reserve Bank economist on the Reserve Bank disclosing individual Monetary Policy Committee members’ views on OCR decisions

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/65613b73-3e8b-4550-8a6b-b43c006b2c59/transcript

The world's leading tech giants - Microsoft, Amazon, Alphabet and Meta - all recently reported their latest earnings.

All of these companies surpassed investor expectations, but one clearly came out on top.

Fisher Funds expert Sam Dickie explained further.

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The world's leading tech giants - Microsoft, Amazon, Alphabet and Meta - all recently reported their latest earnings.
All of these companies surpassed investor expectations, but one clearly came out on top.
Fisher Funds expert Sam Dickie explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on Microsoft, Amazon, Alphabet and Meta reporting their earnings

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/01ecd907-cf3c-4ceb-8fd3-b43c0084ea5b/transcript

Hopes some relief for businesses will be on the cards in a public meeting to discuss the future of Mount Maunganui this evening.

Mauao has been closed to the public ever since a landslide killed six holiday-makers almost 100 days ago.

The Mt Maunganui Ratepayers, Residents and Retailers Association expects discussions tonight about allowing one route to the top of the mount.

President Michael O'Neill says businesses rely on the patronage of people using the mount.

He explained the same goes for people using the campground, hot pools, and boat ramp - all of which are closed. 

LISTEN ABOVE

Hopes some relief for businesses will be on the cards in a public meeting to discuss the future of Mount Maunganui this evening.
Mauao has been closed to the public ever since a landslide killed six holiday-makers almost 100 days ago.
The Mt Maunganui Ratepayers, Residents and Retailers Association expects discussions tonight about allowing one route to the top of the mount.
President Michael O'Neill says businesses rely on the patronage of people using the mount.
He explained the same goes for people using the campground, hot pools, and boat ramp - all of which are closed.&nbsp;
LISTEN ABOVE

Michael O'Neill: Mt Maunganui Ratepayers, Residents and Retailers Association ahead of meeting to discuss Mt Maunganui's future

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c6e68440-3e2c-4957-bda0-b43c0052073d/transcript

Confidence for small business owners, with sales continuing to grow.  

New Xero small business data shows business sales rose 3.9% in the March quarter – March alone rising 5.5%.   

ABC Business Sales Managing Director Chris Small told Mike Hosking it's been a tough 12 months, with many weaker businesses weeded out, leaving high quality small businesses in the market.  

He says data doesn't reflect the current climate, given two out of three months were not impacted by the war in Iran.  

Small says volume of transactions were up 10% and dollars invested in small business were up 16% – all with a positive mindset until March kicked in. 

LISTEN ABOVE  

Confidence for small business owners, with sales continuing to grow. &nbsp;
New Xero small business data shows business sales rose 3.9% in the March quarter – March alone rising 5.5%. &nbsp;&nbsp;
ABC Business Sales Managing Director Chris Small told Mike Hosking it's been a tough 12 months, with many weaker businesses weeded out, leaving high quality small businesses in the market. &nbsp;
He says data doesn't reflect the current climate, given two out of three months were not impacted by the war in Iran. &nbsp;
Small says volume of transactions were up 10% and dollars invested in small business were up 16% – all with a positive mindset until March kicked in.&nbsp;
LISTEN ABOVE &nbsp;

Chris Small: ABC Business Sales Managing Director on the data showing small business sales rose 3.9% in the March quarter

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6897b82d-fa24-4065-ba00-b43b0155461a/transcript

Michael Reddell: former Reserve Bank economist on the Reserve Bank disclosing individual Monetary Policy Committee members’ views on OCR decisions

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