The Reserve Bank has cut the OCR by 50 basis points to 2.5 percent, despite acknowledging inflation is still above where they'd like it.

Finance Minister Nicola Willis says they've factored in broader economic conditions.

She says the central bank clearly thinks any fluctuation in inflation will be constrained by spare capacity in the economy.

Newstalk ZB senior political correspondent Barry Soper says this will come as good news as more people are set to roll into lower mortgage rates.

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The Reserve Bank has cut the OCR by 50 basis points to 2.5 percent, despite acknowledging inflation is still above where they'd like it.
Finance Minister Nicola Willis says they've factored in broader economic conditions.
She says the central bank clearly thinks any fluctuation in inflation will be constrained by spare capacity in the economy.
Newstalk ZB senior political correspondent Barry Soper says this will come as good news as more people are set to roll into lower mortgage rates.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Barry Soper: Newstalk ZB senior political correspondent on what the latest OCR cut means for the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fe68fa66-8e4d-423d-9d50-b37000518356/transcript

The Finance Minister's brushing off concerns about the government's fast track programme. 

Local Government New Zealand is calling on central Government to pause all referrals on housing projects - claiming they're bypassing council decisions.

It wants a review to clarify the housing fast track's role within the new planning system.

Nicola Willis says she wants to make clear fast-track approval doesn't give developers a free pass to charge ahead.

She says expert panels still impose conditions - requiring roads, wastewater and other infrastructure to be in place, before construction.

LISTEN ABOVE

The Finance Minister's brushing off concerns about the government's fast track programme.&nbsp;
Local Government New Zealand is calling on central Government to pause all referrals on housing projects - claiming they're bypassing council decisions.
It wants a review to clarify the housing fast track's role within the new planning system.
Nicola Willis says she wants to make clear fast-track approval doesn't give developers a free pass to charge ahead.
She says expert panels still impose conditions - requiring roads, wastewater and other infrastructure to be in place, before construction.
LISTEN ABOVE

Nicola Willis: Finance Minister brushes off worries about fast track for housing projects

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/55cdbb3c-28b4-44dd-bde7-b4c5008c1096/transcript

Kiwis are catching on to the benefits of solar panels - and demand's spiking.

Solar company Electrify Nelson says inquiries have gone up a couple-of-hundred percent on a year ago.

But the industry warns we need about six thousand more trained electricians - across the country - to do the work.

Rewiring Aotearoa Chief Executive, Mike Casey told Heather du Plessis-Allan he hopes interest will continue over time.

He says oil shortages because of the Iran war is keeping demand high - with energy prices climbing.

He says solar is the one reprieve Kiwis get.

LISTEN ABOVE

Kiwis are catching on to the benefits of solar panels - and demand's spiking.
Solar company Electrify Nelson says inquiries have gone up a couple-of-hundred percent on a year ago.
But the industry warns we need about six thousand more trained electricians - across the country - to do the work.
Rewiring Aotearoa Chief Executive, Mike Casey told Heather du Plessis-Allan he hopes interest will continue over time.
He says oil shortages because of the Iran war is keeping demand high - with energy prices climbing.
He says solar is the one reprieve Kiwis get.
LISTEN ABOVE

Mike Casey: Rewiring Aotearoa CEO on shortage of electricians as solar panel demand soars

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2434e2b1-039c-4356-b390-b4c5008837a3/transcript

Auckland Transport's confident the new City Rail Link can cope with hordes of Warriors supporters heading to Sunday's game. 

The network faced its first weekday today - recording about 72-and-a-half thousand train journeys as of five this evening. 

It will be put to the test again this weekend - with 55 thousand fans headed to Eden Park to watch the Warriors take on the Newcastle Knights. 

Public Transport director Richard Harrison told Heather du Plessis-Allan extra trains will be running - and there will be buses to the stadium from the North Shore. 

He says those with tickets to the game can get free travel from 2pm. 

LISTEN ABOVE

Auckland Transport's confident the new City Rail Link can cope with hordes of Warriors supporters heading to Sunday's game.&nbsp;
The network faced its first weekday today - recording about 72-and-a-half thousand train journeys as of five this evening.&nbsp;
It will be put to the test again this weekend - with 55 thousand fans headed to Eden Park to watch the Warriors take on the Newcastle Knights.&nbsp;
Public Transport director Richard Harrison told Heather du Plessis-Allan extra trains will be running - and there will be buses to the stadium from the North Shore.&nbsp;
He says those with tickets to the game can get free travel from 2pm.&nbsp;
LISTEN ABOVE

Richard Harrison: Auckland Transport Public Transport Director on CRL first weekday, Warriors this weekend

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bc6d3fd4-973e-41a9-a9c8-b4c500846a0f/transcript

Barry Soper: Newstalk ZB senior political correspondent on what the latest OCR cut means for the economy

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