Another cut to the Official Cash Rate is expected today but it could be the last for a long time. 

The Reserve Bank's reviewing the OCR at 2pm. 

Most economists expect the cash rate to be cut 25-basis-points to 2.5%. 

ASB Chief Economist Nick Tuffley told Ryan Bridge they expect the Reserve Bank to keep the door wide open to taking further action next year if needed.  

He says it will be wanting to use the three-month closedown period to really gauge whether it’s needed.  

LISTEN ABOVE 

Another cut to the Official Cash Rate is expected today but it could be the last for a long time.&nbsp;
The Reserve Bank's reviewing the OCR at 2pm.&nbsp;
Most economists expect the cash rate to be cut 25-basis-points to 2.5%.&nbsp;
ASB Chief Economist Nick Tuffley told Ryan Bridge they expect the Reserve Bank to keep the door wide open to taking further action next year if needed. &nbsp;
He says it will be wanting to use the three-month closedown period to really gauge whether it’s needed. &nbsp;
LISTEN ABOVE&nbsp;

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

Nick Tuffley: ASB Chief Economist ahead of the final Official Cash Rate announcement of 2025

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/20264637-d9e6-4001-891e-b3a00166d730/transcript

Blowback from a business advocate on National's plan to break up Foodstuffs.  

If elected, and if the Commerce Commission agrees, the party would separate Pak'nSave from New World and Four Square to create more competition. 

But Foodstuffs warns there'd be significant implications and would affect more than 500 locally owned and operated stores. 

Business NZ Director of Advocacy Catherine Beard told Ryan Bridge threatening to split up private property is hugely alarming.  

She says it sends a terrible signal to overseas investors – that the government could essentially take away business. 

Beard also says there's a lack of evidence to suggest our food is more expensive than other countries. 

She told Bridge that while food prices have gone up, they're no higher than Australia and the UK. 

LISTEN ABOVE  

Blowback from a business advocate on National's plan to break up Foodstuffs. &nbsp;
If elected, and if the Commerce Commission agrees, the party would separate Pak'nSave from New World and Four Square to create more competition.&nbsp;
But Foodstuffs warns there'd be significant implications and would affect more than 500 locally owned and operated stores.&nbsp;
Business NZ Director of Advocacy Catherine Beard told Ryan Bridge threatening to split up private property is hugely alarming. &nbsp;
She says it sends a terrible signal to overseas investors – that the government could essentially take away business.&nbsp;
Beard also says there's a lack of evidence to suggest our food is more expensive than other countries.&nbsp;
She told Bridge that while food prices have gone up, they're no higher than Australia and the UK.&nbsp;
LISTEN ABOVE &nbsp;

Catherine Beard: BusinessNZ Director of Advocacy on National's plan to split up Foodstuffs to drive competition

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6dab8331-dfbe-4d75-8323-b4c70179d176/transcript

The economy is expected to keep improving as the year goes on.  

Stats NZ is releasing GDP data for April-to-June later this morning. 

Economists are expecting economic growth will come in between 0.1% and 0.3% for the quarter and between 2.2% and 2.4% for the year. 

Independent Economist Cameron Bagrie told Ryan Bridge we could soon get back to the growth we were seeing last year. 

We says we took a detour in the June quarter because fuel prices got so expensive, but quarter three is suggesting a number up around 0.8% to 0.9%. 

LISTEN ABOVE  

The economy is expected to keep improving as the year goes on. &nbsp;
Stats NZ is releasing GDP data for April-to-June later this morning.&nbsp;
Economists are expecting economic growth will come in between 0.1% and 0.3% for the quarter and between 2.2% and 2.4% for the year.&nbsp;
Independent Economist Cameron Bagrie told Ryan Bridge we could soon get back to the growth we were seeing last year.&nbsp;
We says we took a detour in the June quarter because fuel prices got so expensive, but quarter three is suggesting a number up around 0.8% to 0.9%.&nbsp;
LISTEN ABOVE &nbsp;

Cameron Bagrie: Economist expects the economy to improve with GDP expected to rise in Q2

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/24d6f60d-9a0c-4eb8-b517-b4c7016cd9bc/transcript

Two classic American food brands are landing in New Zealand, with Auntie Anne’s pretzels and Carvel soft serve opening in Auckland this month. 

Auntie Anne’s sells pretzels, lemonades, dips, and “pretzel dogs”, with more than 1,200 stores across 600 international locations. 

Carvel claims to have invented soft-serve ice cream. 

NZ Cinnabon franchise owner Kathan Parikh told Ryan Bridge they'll use mostly New Zealand ingredients while sticking to the classic American recipes. 

He says Kiwis travel a lot and this is a great opportunity for them to enjoy America on home soil.   

LISTEN ABOVE  

Two classic American food brands are landing in New Zealand, with Auntie Anne’s pretzels and Carvel soft serve opening in Auckland this month.&nbsp;
Auntie Anne’s sells pretzels, lemonades, dips, and “pretzel dogs”, with more than 1,200 stores across 600 international locations.&nbsp;
Carvel claims to have invented soft-serve ice cream.&nbsp;
NZ Cinnabon franchise owner Kathan Parikh told Ryan Bridge they'll use mostly New Zealand ingredients while sticking to the classic American recipes.&nbsp;
He says Kiwis travel a lot and this is a great opportunity for them to enjoy America on home soil. &nbsp;&nbsp;
LISTEN ABOVE &nbsp;

Kathan Parikh: NZ Cinnabon and Auntie Anne’s pretzels franchise owner on bringing new brands to NZ

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6fb33c35-3d00-455d-a9b8-b4c7012db8d5/transcript

Nick Tuffley: ASB Chief Economist ahead of the final Official Cash Rate announcement of 2025

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