ASB is welcoming the news that the Reserve Bank has cut the Official Cash Rate by 25 basis points.

This comes after the bank's run of record annual profits ended with a 10 percent fall in its cash profit as borrowing demand slowed down.

Chief Executive Vittoria Shortt says today's OCR cut comes at a perfect time.

"I think it's a really good thing for New Zealand households and New Zealand businesses. We've already been reducing our fixed home loan rates, we started doing that last year...this is a continuation for us."

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ASB is welcoming the news that the Reserve Bank has cut the Official Cash Rate by 25 basis points.
This comes after the bank's run of record annual profits ended with a 10 percent fall in its cash profit as borrowing demand slowed down.
Chief Executive Vittoria Shortt says today's OCR cut comes at a perfect time.
"I think it's a really good thing for New Zealand households and New Zealand businesses. We've already been reducing our fixed home loan rates, we started doing that last year...this is a continuation for us."
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

Vittoria Short: ASB Chief Executive on the bank's full-year profit falling amid easing cash rate

Some experts believe mayor Wayne Brown's second Auckland harbour crossing won't fly.

Brown revealed a proposal to build a bridge stretching from Meola Reef to Kauri Point on the North Shore.

Auckland University senior lecturer of architecture and planning Bill McKay says there'd need to be a number of feeder motorways through Point Chev to get to the bridge.

"You know, the pushback from the locals and all that means it's all amounting to nothing."

LISTEN ABOVE

Some experts believe mayor Wayne Brown's second Auckland harbour crossing won't fly.
Brown revealed a proposal to build a bridge stretching from Meola Reef to Kauri Point on the North Shore.
Auckland University senior lecturer of architecture and planning Bill McKay says there'd need to be a number of feeder motorways through Point Chev to get to the bridge.
"You know, the pushback from the locals and all that means it's all amounting to nothing."
LISTEN ABOVE

Bill McKay: UOA senior lecturer of architecture and planning on Wayne Brown's plan to build a second Auckland harbour crossing

There's support for more use of private hospitals to help the health system.

Minister Shane Reti's outlined plans for reaching five health targets set in March, spanning wait times, immunisations and cancer treatment.

He's discussed increasing public hospital beds and operating theatres and using private hospital capacity more.

Counties Manukau chief medical officer Andrew Connolly says private healthcare will help get wait lists down.

"Most of the work will still be done, however, in public facilities. We don't want to lose staff to private just to do public work."

LISTEN ABOVE

There's support for more use of private hospitals to help the health system.
Minister Shane Reti's outlined plans for reaching five health targets set in March, spanning wait times, immunisations and cancer treatment.
He's discussed increasing public hospital beds and operating theatres and using private hospital capacity more.
Counties Manukau chief medical officer Andrew Connolly says private healthcare will help get wait lists down.
"Most of the work will still be done, however, in public facilities. We don't want to lose staff to private just to do public work."
LISTEN ABOVE

Andrew Connolly: Counties Manukau chief medical officer on private hospitals potentially bringing healthcare waitlists down

There's clear consensus among experts that Kamala Harris emerged victorious after yesterday's action-packed debate against Donald Trump.

The pair clashed over economy, abortion and foreign policy - with Trump spouting outlandish claims about late-term abortions and migrants eating people's pets.

ZB senior political correspondent Barry Soper unpacked the fallout from the debate in Pennsylvania.

LISTEN ABOVE

There's clear consensus among experts that Kamala Harris emerged victorious after yesterday's action-packed debate against Donald Trump.
The pair clashed over economy, abortion and foreign policy - with Trump spouting outlandish claims about late-term abortions and migrants eating people's pets.
ZB senior political correspondent Barry Soper unpacked the fallout from the debate in Pennsylvania.
LISTEN ABOVE

Vittoria Short: ASB Chief Executive on the bank's full-year profit falling amid easing cash rate

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