The Reserve Bank moved to cut the OCR by 50 basis points in its final decision for 2024.

New Zealand's biggest banks have adjusted their floating rates accordingly - but no significant cuts have been reported yet. 

NZ Herald business editor at large Liam Dann explains further.

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The Reserve Bank moved to cut the OCR by 50 basis points in its final decision for 2024.
New Zealand's biggest banks have adjusted their floating rates accordingly - but no significant cuts have been reported yet.&nbsp;
NZ Herald business editor at large Liam Dann explains 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

Liam Dann: NZ Herald business editor at large on how the banks responded to latest OCR cut

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1c8f5f3b-8dbd-4da9-af58-b2360073c8a8/transcript

On the Heather du Plessis-Allan Drive Full Show Podcast for Friday, 29 November 2024, the Government inquiry revealing that 'human error' was behind the Manawanui sinking when crews failed to turn off autopilot - Defence Minister Judith Collins explains the findings.

Eden Park's Nick Saunter talks about the park announcing 12 concerts a year but with only six artists.

Plus the Sports Huddle debates whether or not New Zealand Rugby should finally loosen their eligibility laws.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

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On the Heather du Plessis-Allan Drive Full Show Podcast for Friday, 29 November 2024, <a href="/{localLink:umb://document/a254331b94434ca5b4892702de16f63e}" title="Judith Collins: Defence Minister says HMNZS Manawanui sinking is 'incomprehensible' after interim report release">the Government inquiry revealing that 'human error' was behind the Manawanui sinking when crews failed to turn off autopilot - Defence Minister Judith Collins explains the findings.</a>
Eden Park's Nick Saunter <a href="/{localLink:umb://document/3ca8a4ba87444f3195a1e717140fc2c7}" title="Nick Sautner: Eden Park CEO on getting consent to host double the number of concerts in a year">talks about the park announcing 12 concerts a year but with only six artists.</a>
Plus the Sports Huddle <a href="/{localLink:umb://document/75ae276432874664918e1fe8a5f792c8}" title="Sports Huddle: Black Caps v England, Damian McKenzie, eligibility rules">debates whether or not New Zealand Rugby should finally loosen their eligibility laws.</a>
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.
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Full Show Podcast: 29 November 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/06a9f93e-fa81-486f-b6c0-b237006638f1/transcript

The British Government intends to overhaul the country’s immigration system after new data shows arrivals had hit a record high.

New figures show net migration is at 900,000 in the year to June 2023, which Prime Minister Sir Keir Starmer blames on the previous Conservative government — 22 percent higher than the original numbers.

He says they had pledged to get the numbers down multiple times and failed every time.

UK correspondent Kay Oliver told Heather du Plessis-Allan the big question remains how much of it is legitimate and genuine, but also how much of it is uncontrolled.

Meanwhile, ex-soldier Daniel Khalife has been found guilty of spying for Iran, and the world’s oldest man John Tinniswood, who was born the same year the Titanic sank, has died aged 112.

LISTEN ABOVE

The British Government intends to overhaul the country’s immigration system after new data shows arrivals had hit a record high.
New figures show net migration is at 900,000 in the year to June 2023, which Prime Minister Sir Keir Starmer blames on the previous Conservative government — 22 percent higher than the original numbers.
He says they had pledged to get the numbers down multiple times and failed every time.
UK correspondent Kay Oliver told Heather du Plessis-Allan the big question remains how much of it is legitimate and genuine, but also how much of it is uncontrolled.
Meanwhile, ex-soldier Daniel Khalife has been found guilty of spying for Iran, and the world’s oldest man John Tinniswood, who was born the same year the Titanic sank, has died aged 112.
LISTEN ABOVE

Kay Oliver: UK correspondent on net migration hitting record highs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e009ff09-d586-429e-8c9b-b2370065b759/transcript

China has been preparing for Donald Trump’s threat of tariffs.

The US President-elect is pledging to add another 10 percent on top of existing tariffs on Chinese exports, where he also slapped tariffs on Mexico and Canada.

In a post on Truth Social, Trump has made more about curtailing the supply of drugs and reducing illegal immigration. 

But Asia business correspondent Peter Lewis told Heather du Plessis-Allan it’s hard to know what China can really do about that.

He says economists predict the tariffs will reduce exports by about 15 percent, knocking off about 0.5 percent of China’s GDP.

LISTEN ABOVE

China has been preparing for Donald Trump’s threat of tariffs.
The US President-elect is pledging to add another 10 percent on top of existing tariffs on Chinese exports, where he also slapped tariffs on Mexico and Canada.
In a post on Truth Social, Trump has made more about curtailing the supply of drugs and reducing illegal immigration.&nbsp;
But Asia business correspondent Peter Lewis told Heather du Plessis-Allan it’s hard to know what China can really do about that.
He says economists predict the tariffs will reduce exports by about 15 percent, knocking off about 0.5 percent of China’s GDP.
LISTEN ABOVE

Peter Lewis: Asia business correspondent on how China has been preparing for Donald Trump's tariffs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9b190200-26cb-4e8b-9fcf-b2370061a3df/transcript

Liam Dann: NZ Herald business editor at large on how the banks responded to latest OCR cut

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