There's pressure growing for the Reserve Bank to move more aggressively on the Official Cash Rate.

New Zealand's inflation rate is officially back on target, at 2.2 percent.

Infometrics Principal Economist Brad Olsen says that although the Reserve Bank has recently cut the OCR - it's still higher than it should be.

He says the Bank probably needs to slash the rate faster than it originally intended.

"It does open that strong possibility of a 75 basis point cut in November - because they'll be taking a 12-week break over summer."

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There's pressure growing for the Reserve Bank to move more aggressively on the Official Cash Rate.
New Zealand's inflation rate is officially back on target, at 2.2 percent.
Infometrics Principal Economist Brad Olsen says that although the Reserve Bank has recently cut the OCR - it's still higher than it should be.
He says the Bank probably needs to slash the rate faster than it originally intended.
"It does open that strong possibility of a 75 basis point cut in November - because they'll be taking a 12-week break over summer."
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

Brad Olsen: Infometrics Principal Economist warns the RBNZ will need to slash the OCR quicker to keep up with inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c96199ce-02b9-4856-afd0-b20b0055a039/transcript

Unemployed people living with obesity in the UK could receive weight-loss jabs to help get them back into work.

Health Secretary Wes Streeting has announced a £280 million investment from pharmaceutical giant Eli Lilly to develop new treatments to combat the rising obesity epidemic. 

UK correspondent Gavin Grey says illnesses relating to obesity cost the NHS billions every year - with negative outcomes set to impact the economy.

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Unemployed people living with obesity in the UK could receive weight-loss jabs to help get them back into work.
Health Secretary Wes Streeting has announced a £280 million investment from pharmaceutical giant Eli Lilly to develop new treatments to combat the rising obesity epidemic.&nbsp;
UK correspondent Gavin Grey says illnesses relating to obesity cost the NHS billions every year - with negative outcomes set to impact the economy.
LISTEN ABOVE

Gavin Grey: UK correspondent on the UK Government giving unemployed people weight-loss jabs to get them back to work

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4de3dccc-e32e-4e3b-8e02-b20b00813c67/transcript

As the world's ageing population is expected to grow over the coming decades, investors have turned their attention to vision care.

As people get older, the need for corrective lenses and treatment goes up - meaning investors are looking to take advantage of increased demand.

Milford Asset Management analyst Deborah Lambie reveals the companies that stand to benefit from this.

LISTEN ABOVE

As the world's ageing population is expected to grow over the coming decades, investors have turned their attention to vision care.
As people get older, the need for corrective lenses and treatment goes up - meaning investors are looking to take advantage of increased demand.
Milford Asset Management analyst Deborah Lambie reveals the companies that stand to benefit from this.
LISTEN ABOVE

Deborah Lambie: Milford Asset Management analyst on investors turning towards vision care amid ageing population boom

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c63cdc71-6780-4b03-85d2-b20b007e1eaa/transcript

The Accident Compensation Corporation concedes there’s room for it to tighten its processes, as it proposes increasing the levies it charges to help pay for rising claims costs.

ACC said, in its just-released annual report, that “lower-than-expected rehabilitation performance” contributed towards it reporting a wider-than-expected $7.2 billion deficit in the year to June.

In the previous year, it reported a $911 million surplus.

NZ Herald Wellington business editor Jenee Tibshraeny unpacked the factors behind the deficit - and examined how the insurer could turn things around.

LISTEN ABOVE

The Accident Compensation Corporation concedes there’s room for it to tighten its processes, as it proposes increasing the levies it charges to help pay for rising claims costs.
ACC said, in its just-released annual report, that “lower-than-expected rehabilitation performance” contributed towards it reporting a wider-than-expected $7.2 billion deficit in the year to June.
In the previous year, it reported a $911 million surplus.
NZ Herald Wellington business editor Jenee Tibshraeny unpacked the factors behind the deficit - and examined how the insurer could turn things around.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the Accident Compensation Corporation reporting a $7.2 billion deficit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0b3c25e6-59fd-414e-829b-b20b007be026/transcript

Brad Olsen: Infometrics Principal Economist warns the RBNZ will need to slash the OCR quicker to keep up with inflation

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