There are expectations that cuts to the Official Cash Rate are now going to keep on coming.

Yesterday's Stats NZ figures show our GDP contracted 0.2% in the three months to June.

In the March quarter, 0.1% growth was recorded.

ASB Chief Economist Nick Tuffley says the numbers show inflation's falling within the Reserve Banks expectations.

He told Ryan Bridge they're now going to continue cutting the OCR to get it from 5.25% to around 3%.

Tuffley says if they cut a quarter every meeting, we'll reach that target by October next year.

LISTEN ABOVE

There are expectations that cuts to the Official Cash Rate are now going to keep on coming. 
Yesterday's Stats NZ figures show our GDP contracted 0.2% in the three months to June. 
In the March quarter, 0.1% growth was recorded. 
ASB Chief Economist Nick Tuffley says the numbers show inflation's falling within the Reserve Banks expectations. 
He told Ryan Bridge they're now going to continue cutting the OCR to get it from 5.25% to around 3%. 
Tuffley says if they cut a quarter every meeting, we'll reach that target by October next 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

Nick Tuffley: ASB Chief Economist says that the OCR will likely continue to be cut in the wake of the GDP slump

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b2087723-adf6-45c6-806c-b1f00153d604/transcript

Five people have been killed in several shootings in northern France.

BBC reports around 2pm local time, a man was shot outside his house in village Wormhout near Dunkirk.

About 45 minutes later, two security guards were killed at a nearby port.

Minutes later, two other men staying in the nearby migrant camp were also shot dead.

Europe Correspondent Gavin Grey told Andrew Dickens a 22-year-old man has handed himself in.

“Police absolutely covering the area and looking at finding motives for this, but it does appear to be this young man had already expressed some pretty severe anti-migrant attitudes.”

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Five people have been killed in several shootings in northern France.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">BBC reports around 2pm local time, a man was shot outside his house in village Wormhout near Dunkirk.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">About 45 minutes later, two security guards were killed at a nearby port.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Minutes later, two other men staying in the nearby migrant camp were also shot dead.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Europe Correspondent Gavin Grey told Andrew Dickens a 22-year-old man has handed himself in.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">“Police absolutely covering the area and looking at finding motives for this, but it does appear to be this young man had already expressed some pretty severe anti-migrant attitudes.”
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

Gavin Grey: Europe correspondent on five people killed in several shootings in northern France

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/491c4dbd-c0ef-49d4-bd0f-b24701352b0e/transcript

Supplier costs increases to supermarkets have continued to rise. 

Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index shows a 2.1 percent increase in supplier costs to supermarkets in November, compared to the year prior.

Some of the largest rises were for chocolate and cooking oils.

Vegetables NZ Chair John Murphy told Andrew Dickens there's still some general inflationary pressure – but the trend is below overall inflation.

“So you see the likes of diesel and things like that starting to creep in, which affects those freight costs.”

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Supplier costs increases to supermarkets have continued to rise. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;"><span style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; user-select: text; background-position: 0px 100%; background-repeat: repeat-x; background-image: var(--urlSpellingErrorV2,); border-bottom: 1px solid transparent;">Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index shows a 2.1 percent increase in supplier costs to supermarkets in November, compared to the year prior.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Some of the largest rises were for chocolate and cooking oils.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Vegetables NZ Chair John Murphy told Andrew Dickens there's still some general inflationary pressure – but the trend is below overall inflation.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">“So you see the likes of diesel and things like that starting to creep in, which affects those freight costs.”
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: rgb(255, 255, 255); color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

John Murphy: Vegetables NZ chair says supplier cost increases to supermarkets still rising, but trend is below overall inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ada06efd-0969-4806-88d6-b247012dcb63/transcript

On the Early Edition with Andrew Dickens Full Show Podcast for Monday the 16th of December. The next five-year plan for family and sexual violence has been released by the government, and it includes a review of $1.3 billion in prevention spending. Women's Refuge Chief Executive Dr Ang Jury is on the show.

Infometrics latest food supplier cost index has seen a 2.1 percent rise in the year ending November, is it in line with inflation, and what does it mean for your last minute pre-Christmas dash to the supermarket? Vegetables NZ Chair John Murphy speaks to Andrew.

Auckland FC have drawn 2 all against Melbourne, and the Black Caps are holding a solid lead against England, can they make it all the way? Elliott Smith has your weekend sport wrap.

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

LISTEN ABOVE

On the Early Edition with Andrew Dickens Full Show Podcast for Monday the 16th of December. <a href="/{localLink:umb://document/bc32cda32cd741829d20eb0acb07b5c3}" title="Dr Ang Jury: Women's Refuge Chief Executive on changing the attitudes that cause family violence">The next five-year plan for family and sexual violence has been released by the government, and it includes a review of $1.3 billion in prevention spending</a>. Women's Refuge Chief Executive Dr Ang Jury is on the show.
<a href="/{localLink:umb://document/38e31f2c70d046eb9cb134d2c6dcb9f0}" title="John Murphy: Vegetables NZ chair says supplier cost increases to supermarkets still rising, but trend is below overall inflation">Infometrics latest food supplier cost index has seen a 2.1 percent rise in the year ending November, is it in line with inflation, and what does it mean for your last minute pre-Christmas dash to the supermarket?</a> Vegetables NZ Chair John Murphy speaks to Andrew.
<a href="/{localLink:umb://document/c049ec596d4b4a1fa7cc4a560325efaa}" title="Elliott Smith: Newstalk ZB rugby editor recaps the weekend of sport">Auckland FC have drawn 2 all against Melbourne, and the Black Caps are holding a solid lead against England, can they make it all the way?</a> Elliott Smith has your weekend sport wrap.
Get the Early Edition with Andrew Dickens Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
LISTEN ABOVE

Full Show Podcast: 16 December 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b4c84f89-a19c-4e9d-8b52-b247011a8eb8/transcript

Nick Tuffley: ASB Chief Economist says that the OCR will likely continue to be cut in the wake of the GDP slump

In 1 playlist(s)

Early Edition with Ryan Bridge

Social links

Follow podcast

Recent clips