It's the start of a significant turnaround for the economy - as the Reserve Bank slashes the OCR for the first time since 2020.

It's dropped the cash rate 25-basis points to 5.25 percent.

Former Reserve Bank economist, Michael Reddell says Governor Orr's post-announcement claims about the economy don't stack up.

"It's not as if some big event has happened externally, it's just that they badly misread what was going on in the economy - and it's pretty inexcusable."

LISTEN ABOVE

It's the start of a significant turnaround for the economy - as the Reserve Bank slashes the OCR for the first time since 2020.
It's dropped the cash rate 25-basis points to 5.25 percent.
Former Reserve Bank economist, Michael Reddell says Governor Orr's post-announcement claims about the economy don't stack up.
"It's not as if some big event has happened externally, it's just that they badly misread what was going on in the economy - and it's pretty inexcusable."
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

Michael Reddell: former Reserve Bank economist on the Reserve Bank cutting the cash rate by 25 basis points

Auckland's counting down to hosting a star-studded film production, which kicks off in October.

The Wrecking Crew stars Jason Momoa, Dave Bautista and Temuera Morrison - with filming likely to run at least two months.

Auckland Tataki Unlimited CEO Nick Hill says it's the largest production done here since The Rings of Power series.

He says locals will get a chance to catch filming around the city.

"They will certainly film in the city centre - but also other parts around the region. I think Auckland will actually get to show itself off in a major movie."

LISTEN ABOVE

Auckland's counting down to hosting a star-studded film production, which kicks off in October.
The Wrecking Crew stars Jason Momoa, Dave Bautista and Temuera Morrison - with filming likely to run at least two months.
Auckland Tataki Unlimited CEO Nick Hill says it's the largest production done here since The Rings of Power series.
He says locals will get a chance to catch filming around the city.
"They will certainly film in the city centre - but also other parts around the region. I think Auckland will actually get to show itself off in a major movie."
LISTEN ABOVE

Nick Hill: Auckland Tataki Unlimited chief executive on Amazon MGM production The Wrecking Crew being filmed in Auckland

The UK economy unexpectedly failed to grow in July, after flatlining in June, for the second month in a row.

Analysts had originally forecasted a slight growth of 0.2 percent.

UK correspondent Gavin Grey says drops in the manufacturing and construction sectors contributed to the downturn.

LISTEN ABOVE

The UK economy unexpectedly failed to grow in July, after flatlining in June, for the second month in a row.
Analysts had originally forecasted a slight growth of 0.2 percent.
UK correspondent Gavin Grey says drops in the manufacturing and construction sectors contributed to the downturn.
LISTEN ABOVE

Gavin Grey: UK correspondent on the UK economy flatlining again in July

As birth-rates decline and the population gets older, investors are grappling with a new set of challenges.

Recent data indicates the proportion of Kiwis over the age of 65 will be expected to double by 2050.

Milford Asset Management's Deborah Lambie says this demographic shift is expected to have an impact on the healthcare system - and lead to a worker shortage.

LISTEN ABOVE

As birth-rates decline and the population gets older, investors are grappling with a new set of challenges.
Recent data indicates the proportion of Kiwis over the age of 65 will be expected to double by 2050.
Milford Asset Management's Deborah Lambie says this demographic shift is expected to have an impact on the healthcare system - and lead to a worker shortage.
LISTEN ABOVE

Michael Reddell: former Reserve Bank economist on the Reserve Bank cutting the cash rate by 25 basis points

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