Higher mortgage rates have given the Reserve Bank a 'bit of breathing space', its chief economist says.

Paul Conway, one of the Reserve Bank committee members who voted to keep the OCR on hold last week, said the market is doing some of the work for the central bank.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

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Higher mortgage rates have given the Reserve Bank a 'bit of breathing space', its chief economist says.
Paul Conway, one of the Reserve Bank committee members who voted to keep the OCR on hold last week, said the market is doing some of the work for the central bank.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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

Jenee Tibshraeny: NZ Herald Wellington business editor on why the Reserve Bank left the OCR on hold

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1e59f290-19c1-41fc-8fce-b45e007e1191/transcript

Nigel Farage’s party Reform UK is to unveil details of a plan to slash the benefits bill.

Foreign nationals would be excluded from most benefits - and this would include EU nationals with settled status in the UK. 

UK correspondent Gavin Grey says the party has estimated this policy would save £21bn a year by its fifth year.

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Nigel Farage’s party Reform UK is to unveil details of a plan to slash the benefits bill.
Foreign nationals would be excluded from most benefits - and this would include EU nationals with settled status in the UK.&nbsp;
UK correspondent Gavin Grey says the party has estimated this policy would save £21bn a year by its fifth year.
LISTEN ABOVE

Gavin Grey: UK correspondent on Nigel Farage's plan to slash the benefits bill

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c4239cda-02c3-4401-83f2-b4a90080dc27/transcript

The US share market took a significant drop last Friday, and experts are unpacking the possible factors behind this.

Softer US retail sales, weaker consumer sentiment data and ongoing uncertainty surrounding the oil prices are likely factors behind the drop.

Harbour Asset Management expert Shane Solly explained further.

LISTEN ABOVE

The US share market took a significant drop last Friday, and experts are unpacking the possible factors behind this.
Softer US retail sales, weaker consumer sentiment data and ongoing uncertainty surrounding the oil prices are likely factors behind the drop.
Harbour Asset Management expert Shane Solly explained further.
LISTEN ABOVE

Shane Solly: Harbour Asset Management expert on the US share markets dropping last week

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/422cd394-f417-4a50-a027-b4a9007f64a7/transcript

Lyttelton Port says growing trade and ageing infrastructure have made its $821-million-dollar expansion necessary.

The project includes a new wharf and container terminal, lifting capacity to around 850 thousand containers a year.

Chief executive Graeme Sumner says the port's running out of capacity - with 92 percent of ships built today unable to fit in the current port.

LISTEN ABOVE

Lyttelton Port says growing trade and ageing infrastructure have made its $821-million-dollar expansion necessary.
The project includes a new wharf and container terminal, lifting capacity to around 850 thousand containers a year.
Chief executive Graeme Sumner says the port's running out of capacity - with 92 percent of ships built today unable to fit in the current port.
LISTEN ABOVE

Graeme Sumner: Lyttelton Port CEO on the port's planned $821m expansion

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/657064c5-91a8-45d4-af30-b4a9007cf7c3/transcript

Jenee Tibshraeny: NZ Herald Wellington business editor on why the Reserve Bank left the OCR on hold

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