A bold move from the Reserve Bank as it has decided to cut the Official Cash Rate (OCR) by 50-basis points, from 5.25% to 4.75%.

It's the second cut in a row, after the OCR was lowered in August - which was the first drop since May 2023. 

All of the larger banks predicted the rise, but a 25-point drop was thought to be just as likely. 

Co-operative Bank Chief Executive Mark Wilshire joins Jack Tame to discuss how this will impact homeowners. 

LISTEN ABOVE

A bold move from the Reserve Bank as it has decided to cut the Official Cash Rate (OCR) by 50-basis points, from 5.25% to 4.75%.
It's the second cut in a row, after the OCR was lowered in August - which was the first drop since May 2023.&nbsp;
All of the larger banks predicted the rise, but a 25-point drop was thought to be just as likely.&nbsp;
Co-operative Bank Chief Executive Mark Wilshire joins Jack Tame to discuss how this will impact homeowners.&nbsp;
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

Mark Wilkshire: Co-operative Bank CEO on OCR cut

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/14c5c3ca-cf52-4b71-9978-b204004ab641/transcript

The Education Minister denies ever considering banning Virtual Private Networks as part of the social media ban for under-16s, but says the tool was talked about.

The Post reported this morning Erica Stanford was looking at prohibiting VPNs, which lets internet users mask their location and online address.

The Prime Minister and Stanford rejected the claim.

She says they discussed VPNs in a different context. 

"They can be used for children to get around social media bans, and we also talked about the fact that big tech firms have the ability to know when children are doing that."

LISTEN ABOVE

The Education Minister denies ever considering banning Virtual Private Networks as part of the social media ban for under-16s, but says the tool was talked about.
The Post reported this morning Erica Stanford was looking at prohibiting VPNs, which lets internet users mask their location and online address.
The Prime Minister and Stanford rejected the claim.
She says they discussed VPNs in a different context.&nbsp;
"They can be used for children to get around social media bans, and we also talked about the fact that big tech firms have the ability to know when children are doing that."
LISTEN ABOVE

Erica Stanford: Education Minister explains why Government not looking to ban VPNs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bf16282a-2fd6-492b-a1fb-b4800064e395/transcript

The Government's celebrating the new diesel storage tanks opening at Marsden Point.

The Northland site will store 93 million litres emergency reserve, ordered at the peak of the fuel crisis, in April. 

It paid Channel Infrastructure to upgrade its tanks. 

Newstalk ZB senior political correspondent Barry Soper says the Government's looking to boost up emergency supplies following the uncertainty of the Middle East conflict. 

LISTEN ABOVE

The Government's celebrating the new diesel storage tanks opening at Marsden Point.
The Northland site will store 93 million litres emergency reserve, ordered at the peak of the fuel crisis, in April.&nbsp;
It paid Channel Infrastructure to upgrade its tanks.&nbsp;
Newstalk ZB senior political correspondent Barry Soper says the Government's looking to boost up emergency supplies following the uncertainty of the Middle East conflict.&nbsp;
LISTEN ABOVE

Barry Soper: Newstalk ZB senior political correspondent on the Government opening new diesel storage at Marsden Point

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/57d3613d-0c0a-41a1-96c0-b4800060cffb/transcript

The Australian Government has raised concerns over China's decision to test their ballistic missile in the Pacific.

The missile was fired from a Chinese submarine, landing between Kiribati and Tuvalu.

China says it complied with international law - and didn't target any nation.

Australian correspondent Murray Olds says this follows Australia inking the Vuvale Union Treaty with Fiji.

LISTEN ABOVE

The Australian Government has raised concerns over China's decision to test their ballistic missile in the Pacific.
The missile was fired from a Chinese submarine, landing between Kiribati and Tuvalu.
China says it complied with international law - and didn't target any nation.
Australian correspondent Murray Olds says this follows Australia inking the Vuvale Union Treaty with Fiji.
LISTEN ABOVE

Murray Olds: Australian correspondent on Australia's reaction to China's ballistic missile test

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1c4ae67a-90e5-45b6-896e-b480005c527c/transcript

Mark Wilkshire: Co-operative Bank CEO on OCR cut

In 1 playlist(s)

Heather du Plessis-Allan Drive

Social links

Follow podcast

Recent clips