Big changes for the Reserve Bank, as it appoints new members to its Monetary Policy Committee.

University of Auckland macroeconomics professor Prasanna Gai and former Electricity Authority chief executive Carl Hansen will take up their posts later in the year.

Westpac chief economist Kelly Eckhold explains what these new changes could mean for the future of the OCR.

LISTEN ABOVE

Big changes for the Reserve Bank, as it appoints new members to its Monetary Policy Committee.
University of Auckland macroeconomics professor Prasanna Gai and former Electricity Authority chief executive Carl Hansen will take up their posts later in the year.
Westpac chief economist Kelly Eckhold explains what these new changes could mean for the future of the OCR.
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 the Reserve Bank replacing two outgoing MPC members in staff shake-up

After the election defeat, the Labour party has had to take a good look in the mirror and reflect. 

Labour leader Chris Hipkins tells Tim Beveridge on Summer Breakfast being in opposition means he must focus on the longer term. 

“You have to actually think about if we were the government in two years, what would we do differently?” 

Hipkins says his major lesson from the election loss is that voters set the question, and politicians must make sure it is the question they are answering. The party now must look forward to what they will do better, rather than what they should have done differently. 

“No election is ever a re-battle of the last one.” 

LISTEN ABOVE 

After the election defeat, the Labour party has had to take a good look in the mirror and reflect.&nbsp;
Labour leader Chris Hipkins tells Tim Beveridge on Summer Breakfast being in opposition means he must focus on the longer term.&nbsp;
“You have to actually think about if we were the government in two years, what would we do differently?”&nbsp;
Hipkins says his major lesson from the election loss is that voters set the question, and politicians must make sure it is the question they are answering. The party now must look forward to what they will do better, rather than what they should have done differently.&nbsp;
“No election is ever a re-battle of the last one.”&nbsp;
LISTEN ABOVE&nbsp;

Chris Hipkins: Labour leader on long term focus and major lessons from the political year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4a0e6215-74f8-4f10-aa01-b24e017c3847/transcript

Financial technology firm Revolut has applied to become a registered bank in New Zealand. 

Revolut already offers a “one-stop-shop" money management app here with payment, card and money management services. 

With a banking license, it hopes to offer things like credit cards, consumer loans and mortgages. 

Head of Revolut NZ Georgia Grange tells Tim Beveridge the firm is on a mission to build the world’s first truly global bank. 

Grange says consumers are constrained by a lack of innovation in the current traditional banking system in New Zealand. 

LISTEN ABOVE 

Financial technology firm Revolut has applied to become a registered bank in New Zealand.&nbsp;
Revolut already offers a “one-stop-shop" money management app here with payment, card and money management services.&nbsp;
With a banking license, it hopes to offer things like credit cards, consumer loans and mortgages.&nbsp;
Head of Revolut NZ Georgia Grange tells Tim Beveridge the firm is on a mission to build the world’s first truly global bank.&nbsp;
Grange says consumers are constrained by a lack of innovation in the current traditional banking system in New Zealand.&nbsp;
LISTEN ABOVE&nbsp;

Georgia Grange: Head of Revolut NZ on financial technology firm applying to become a registered bank

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cfe896b0-3288-49c5-8816-b24e017926a9/transcript

The Energy sector is warning gas supply woes are not going away. 

Electricity companies are worried the winter gas shortage is not yet a thing of the past, with an even bigger problem bubbling under the surface for next year. 

Octopus Energy want to introduce a reward system, where they pay customers to reduce their usage during peak times. They say if 20% of kiwis participated in an hour-long session, it would save the equivalent of 122,000 warm wash cycles. 

Chief Operating Officer Margaret Cooney tells Tim Beveridge New Zealand is “pretty much matched in terms of the demand and supply available”. 

This leads to challenges if things go wrong, and in meeting peak demand periods during winter. 

LISTEN ABOVE

The Energy sector is warning gas supply woes are not going away.&nbsp;
Electricity companies are worried the winter gas shortage is not yet a thing of the past, with an even bigger problem bubbling under the surface for next year.&nbsp;
Octopus Energy want to introduce a reward system, where they pay customers to reduce their usage during peak times. They say if 20% of kiwis participated in an hour-long session, it would save the equivalent of 122,000 warm wash cycles.&nbsp;
Chief Operating Officer Margaret Cooney tells Tim Beveridge New Zealand is “pretty much matched in terms of the demand and supply available”.&nbsp;
This leads to challenges if things go wrong, and in meeting peak demand periods during winter.&nbsp;
LISTEN ABOVE

Margaret Cooney: Octopus Energy Chief Operating Officer on worry over winter gas supply and reward system incentive

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/576b15fc-f2a2-4b6a-a680-b24e0172f758/transcript

Kelly Eckhold: Westpac chief economist on the Reserve Bank replacing two outgoing MPC members in staff shake-up

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