As interest rates globally have risen significantly in recent weeks, many investors are pushing back the timing for interest rate cuts.

Yesterday, Australia saw a falling annual inflation rate. Annual inflation in the year to March was 3.6 percent – less than the hoped-for 3.4 percent, which the Reserve Bank had indicated would be the level needed to cut interest rates later in the year.

Meanwhile, banks in New Zealand have released a preview of the first quarter labour market data. 

Unemployment levels have risen to 4.2 percent and markets are keenly watching for signs that wage growth is easing. 

Westpac Chief Economist Kelly Eckhold tells Roman Travers the unemployment level is a useful step on the path of 5 percent that the Reserve Bank is looking for.

LISTEN ABOVE

As interest rates globally have risen significantly in recent weeks, many investors are pushing back the timing for interest rate cuts. 
Yesterday, Australia saw a falling annual inflation rate. Annual inflation in the year to March was 3.6 percent – less than the hoped-for 3.4 percent, which the Reserve Bank had indicated would be the level needed to cut interest rates later in the year. 
Meanwhile, banks in New Zealand have released a preview of the first quarter labour market data.  
Unemployment levels have risen to 4.2 percent and markets are keenly watching for signs that wage growth is easing.  
Westpac Chief Economist Kelly Eckhold tells Roman Travers the unemployment level is a useful step on the path of 5 percent that the Reserve Bank is looking for. 
LISTEN ABOVE

Don't miss a thing while you're on holiday, with Tim Dower and Newstalk ZB Holiday Breakfast. Tim delivers the best in news, views and opinion to keep Kiwis informed and entertained while you're on the road, at the bach, or relaxing at home.

Don't miss a thing while you're on holiday, with Tim Dower and Newstalk ZB Holiday Breakfast.

Holiday Breakfast

Kelly Eckhold: Westpac Chief Economist on Australia's disappointing inflation prints and NZ focus on state of labour markets

The working class man and one of Australia's most beloved musicians, Jimmy Barnes, is heading back to our shores for his 'Hell of a Time' tour.  

Over the length of his career Barnes has achieved 15 solo number-one albums in Australia, becoming 21 when combined with the five earned as the lead singer of ‘Cold Chisel’, resulting in him having the highest number of any artist, including the Beatles and Taylor Swift.

Late last year the musician underwent a health scare, sending him under a surgeon’s knife and leading him to cancel the rest of his shows for the year.

He revealed on Instagram that the bacterial infection he was battling had spread to an already-weakened valve of his heart and was undergoing open heart surgery.

Barnes told Newstalk ZB’s Roman Travers that there were a few points where he felt like he wouldn’t make it through.

“It was pretty drastic.” 

He’s happy to report that he’s now feeling “fighting fit”, having come through the worst of it and is now back swimming, singing, and training once more.

“I remember just literally lying in the hospital bed and thinking that, you know, I might not make it,” Barnes said.

“And I just figured that when I came through it and I was okay, I figured that, you know, I’ve got to enjoy every moment of life, you know?”

He decided to treasure all the little moments, particularly with his loved ones, making a point to call his kids and tell him he loves them if he ever feels the urge.

“I savour every moment.”

Barnes has returned to playing live, celebrating the anniversary of his 1993 ‘Flesh and Wood’ album with a self-described ‘intimate experience’ on his ‘Hell of a Time’ tour.

“It’s a joy to be doing shows,” he told Travers.

“It’s a joy to be playing live.”

The New Zealand leg of his tour gets underway in July, with tickets still available for Auckland, Wellington, and Dunedin.

Some artists are incredibly picky when they perform, liking to have control of everything down to the minutiae. Jimmy Barnes likes to be ‘across it’, saying that you have to have an eye for details.

“My job is to make sure I get out and do the best show for the public,” he said.

“To do that I don’t just look after what I do, I gotta look after what the band does, what my band are playing, who I’m gonna work with."

“The show starts as soon as the door opens up.”

Barnes is picky with his opening act, telling Travers that he wants people to come in and see a good opener, someone who’s exciting to see.

“From the minute people walk into the auditorium to the minute they leave, they’re entertained, then that’s me doing my job.”

Every show on the ‘Hell of a Time’ tour is an ‘intimate experience’, Barnes forgoing the traditional rock concert, stripping it right back and digging into the stories behind the songs.

“It’s quite interactive with the crowd,” he revealed, promising chats, laughs, and interactions with the entire Barnes family.

‘My wife, and my daughter, two daughters, are actually on stage with us.”

“It’s quite unique.”

LISTEN ABOVE

The working class man and one of Australia's most beloved musicians, Jimmy Barnes, is heading back to our shores for his 'Hell of a Time' tour.   
Over the length of his career Barnes has achieved 15 solo number-one albums in Australia, becoming 21 when combined with the five earned as the lead singer of ‘Cold Chisel’, resulting in him having the highest number of any artist, including the Beatles and Taylor Swift. 
Late last year the musician underwent a health scare, sending him under a surgeon’s knife and leading him to cancel the rest of his shows for the year. 
He revealed on Instagram that the bacterial infection he was battling had spread to an already-weakened valve of his heart and was undergoing open heart surgery. 
Barnes told Newstalk ZB’s Roman Travers that there were a few points where he felt like he wouldn’t make it through. 
“It was pretty drastic.”  
He’s happy to report that he’s now feeling “fighting fit”, having come through the worst of it and is now back swimming, singing, and training once more. 
“I remember just literally lying in the hospital bed and thinking that, you know, I might not make it,” Barnes said. 
“And I just figured that when I came through it and I was okay, I figured that, you know, I’ve got to enjoy every moment of life, you know?” 
He decided to treasure all the little moments, particularly with his loved ones, making a point to call his kids and tell him he loves them if he ever feels the urge. 
“I savour every moment.” 
Barnes has returned to playing live, celebrating the anniversary of his 1993 ‘Flesh and Wood’ album with a self-described ‘intimate experience’ on his ‘Hell of a Time’ tour. 
“It’s a joy to be doing shows,” he told Travers. 
“It’s a joy to be playing live.” 
The New Zealand leg of his tour gets underway in July, with tickets still available for Auckland, Wellington, and Dunedin. 
Some artists are incredibly picky when they perform, liking to have control of everything down to the minutiae. Jimmy Barnes likes to be ‘across it’, saying that you have to have an eye for details. 
“My job is to make sure I get out and do the best show for the public,” he said. 
“To do that I don’t just look after what I do, I gotta look after what the band does, what my band are playing, who I’m gonna work with." 
“The show starts as soon as the door opens up.” 
Barnes is picky with his opening act, telling Travers that he wants people to come in and see a good opener, someone who’s exciting to see. 
“From the minute people walk into the auditorium to the minute they leave, they’re entertained, then that’s me doing my job.” 
Every show on the ‘Hell of a Time’ tour is an ‘intimate experience’, Barnes forgoing the traditional rock concert, stripping it right back and digging into the stories behind the songs. 
“It’s quite interactive with the crowd,” he revealed, promising chats, laughs, and interactions with the entire Barnes family. 
‘My wife, and my daughter, two daughters, are actually on stage with us.” 
“It’s quite unique.” 
LISTEN ABOVE

Jimmy Barnes: Australian musician on his 'Hell of a Time' tour and last year's health scare

Dawn services have been held around the country this morning. On ANZAC Day, thousands of soldiers who fought for New Zealand in the great World Wars are remembered.

Winston Peters and the Kiwi Defence Force contingent are at the Gallipoli Dawn Service. The Defence Force had a rocky start to the visit, with lost bags amid the chaos of Dubai’s floods meaning they will now play a reduced role in the service.

Defence Force Chief, Air Marshal Kevin Short tells Roman Travers thousands were in Wellington this morning making for a very moving dawn service. 

The Defence Force has assisted RSAs throughout New Zealand to put on commemorative services in small towns and cities. 

Short says the government can always do a bit more to support veterans, even while acknowledging dollar-based limits.

LISTEN ABOVE

Dawn services have been held around the country this morning. On ANZAC Day, thousands of soldiers who fought for New Zealand in the great World Wars are remembered. 
Winston Peters and the Kiwi Defence Force contingent are at the Gallipoli Dawn Service. The Defence Force had a rocky start to the visit, with lost bags amid the chaos of Dubai’s floods meaning they will now play a reduced role in the service. 
Defence Force Chief, Air Marshal Kevin Short tells Roman Travers thousands were in Wellington this morning making for a very moving dawn service.  
The Defence Force has assisted RSAs throughout New Zealand to put on commemorative services in small towns and cities.  
Short says the government can always do a bit more to support veterans, even while acknowledging dollar-based limits. 
LISTEN ABOVE

Kevin Short: Defence Force Chief on Anzac commemorations around NZ and the world

Labour Party Leader Chris Hipkins says yesterday’s cabinet reshuffle shows “the wheels are falling off already”. 

Paul Goldsmith will take over Melissa Lee’s role as Broadcasting Minister and Louise Upston will take over from Penny Simmonds as Disability Issues Minister.

Hipkins tells Roman Travers Lee didn’t come up with a single new idea on how to deal with the changing media landscape in her six years as broadcasting spokesperson in opposition. He says one of the main problems for media is companies like Google and Facebook profiting from content that they don’t actually produce.

LISTEN ABOVE

Labour Party Leader Chris Hipkins says yesterday’s cabinet reshuffle shows “the wheels are falling off already”.  
Paul Goldsmith will take over Melissa Lee’s role as Broadcasting Minister and Louise Upston will take over from Penny Simmonds as Disability Issues Minister. 
Hipkins tells Roman Travers Lee didn’t come up with a single new idea on how to deal with the changing media landscape in her six years as broadcasting spokesperson in opposition. He says one of the main problems for media is companies like Google and Facebook profiting from content that they don’t actually produce. 
LISTEN ABOVE

Kelly Eckhold: Westpac Chief Economist on Australia's disappointing inflation prints and NZ focus on state of labour markets

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