This year is set to be harder than the last for many New Zealanders.

The Reserve Bank has opted to keep the Official Cash Rate unchanged at 5.5%, in line with most economists' expectations.

It isn't expected to cut the OCR for a while, possibly not until the middle of next year.

Westpac Senior Economist Kelly Eckhold told Mike Hosking that some households will be finding it harder to pay their bills.

He says the unemployment rate is at 4%, which is not particularly high by New Zealand standards, but it will probably reach about five during the year.

LISTEN ABOVE

This year is set to be harder than the last for many New Zealanders. 
The Reserve Bank has opted to keep the Official Cash Rate unchanged at 5.5%, in line with most economists' expectations. 
It isn't expected to cut the OCR for a while, possibly not until the middle of next year. 
Westpac Senior Economist Kelly Eckhold told Mike Hosking that some households will be finding it harder to pay their bills. 
He says the unemployment rate is at 4%, which is not particularly high by New Zealand standards, but it will probably reach about five during the year. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Kelly Eckhold: Westpac Senior Economist on the OCR remaining at 5.5%

The All Blacks are preparing for the third test in Rugby's Greatest Rivalry. 

South Africa levelled the series in Cape Town, making this match effectively the decider, even though there is a fourth test in Baltimore. 

They're clashing at FNB Stadium in Soweto – the match kicking off at 3.10am Sunday.  

Former All Blacks Captain Sean Fitzpatrick told Ryan Bridge that the team is finishing well, so they're doing something right. 

He says they just need to get the crucial moments in the first 20 to 25 minutes right. 

LISTEN ABOVE   

The All Blacks are preparing for the third test in Rugby's Greatest Rivalry.&nbsp;
South Africa levelled the series in Cape Town, making this match effectively the decider, even though there is a fourth test in Baltimore.&nbsp;
They're clashing at FNB Stadium in Soweto – the match kicking off at 3.10am Sunday. &nbsp;
Former All Blacks Captain Sean Fitzpatrick told Ryan Bridge that the team is finishing well, so they're doing something right.&nbsp;
He says they just need to get the crucial moments in the first 20 to 25 minutes right.&nbsp;
LISTEN ABOVE &nbsp;&nbsp;

Sean Fitzpatrick: Former All Black previews the third Greatest Rivalry test against the Springboks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c741dc6c-8670-4e20-a0b2-b4ba01811f3a/transcript

The property market's remaining subdued with a suggestion it'll be a while until there's real growth in prices. 

Cotality data shows values on average fell by 0.4% over August, marking the fifth declining month in a row. 

It notes global geopolitical tensions, the OCR lifting, and the upcoming general election is contributing to market uncertainty. 

Real Estate Agent Rawdon Christie told Ryan Bridge the high amount of homes for sale is also probably supressing potential price increases. 

But he says they saw a pretty healthy August, as vendors are meeting the settled market where it's at. 

LISTEN ABOVE   

The property market's remaining subdued with a suggestion it'll be a while until there's real growth in prices.&nbsp;
Cotality data shows values on average fell by 0.4% over August, marking the fifth declining month in a row.&nbsp;
It notes global geopolitical tensions, the OCR lifting, and the upcoming general election is contributing to market uncertainty.&nbsp;
Real Estate Agent Rawdon Christie told Ryan Bridge the high amount of homes for sale is also probably supressing potential price increases.&nbsp;
But he says they saw a pretty healthy August, as vendors are meeting the settled market where it's at.&nbsp;
LISTEN ABOVE &nbsp;&nbsp;

Rawdon Christie: Real Estate Agent on the state of the property market, Cotality data showing prices fell by 0.4% in August

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/da4195ab-5f81-4e63-8672-b4ba017c2c97/transcript

On the Early Edition with Ryan Bridge Full Show Podcast Friday the 4th of September 2026 the All Blacks take on the Springboks for their third test in Johannesburg, former All Black captain Sean Fitzpatrick tells Ryan what we can expect. 

House prices continuing to fall for the fifth month in a row, real estate agent Rawdon Christie shares her thoughts. 

The ACT Party is calling for an end to race-specific placements at medical school, Warwick Bagg, Auckland University Dean of Medical and Health Sciences shares his thoughts on the policy. 

Plus, UK Correspondent Vincent McAviney has the latest on the King, President Macron and PM Burnham attended the unveiling of the Bayeux Tapestry last night at the British Museum. 

Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.           

LISTEN ABOVE   

On the Early Edition with Ryan Bridge Full Show Podcast Friday the 4th of September 2026 the All Blacks take on the Springboks for their third test in Johannesburg, former All Black captain Sean Fitzpatrick tells Ryan what we can expect.&nbsp;
House prices continuing to fall for the fifth month in a row, real estate agent Rawdon Christie shares her thoughts.&nbsp;
The ACT Party is calling for an end to race-specific placements at medical school, Warwick Bagg, Auckland University Dean of Medical and Health Sciences shares his thoughts on the policy.&nbsp;
Plus, UK Correspondent Vincent McAviney has the latest on the King, President Macron and PM Burnham attended the unveiling of the Bayeux Tapestry last night at the British Museum.&nbsp;
Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;
LISTEN ABOVE &nbsp;&nbsp;

Full Show Podcast: 04 September 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9bffd749-48e4-4299-a688-b4ba015c3a5d/transcript

Kelly Eckhold: Westpac Senior Economist on the OCR remaining at 5.5%

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