The Reserve Bank's continuing to walk a fine line, with its move to cut the OCR 50-basis points to 2.5%. 

Economic data suggests inflation has now hit 3%. 

Finance Minister Nicola Willis is blaming rising rates, saying they’re having a disproportionate impact on overall inflation, whereas other sectors are stabilising. 

NZ Herald Business Editor Liam Dann told Kerre Woodham we almost seem to be in a self-fulfilling negative spiral. 

He says we should be feeling better, but we aren't, and then we start questioning ourselves and the economy. 

LISTEN ABOVE 

The Reserve Bank's continuing to walk a fine line, with its move to cut the OCR 50-basis points to 2.5%.&nbsp;
Economic data suggests inflation has now hit 3%.&nbsp;
Finance Minister Nicola Willis is blaming rising rates, saying they’re having a disproportionate impact on overall inflation, whereas other sectors are stabilising.&nbsp;
NZ Herald Business Editor Liam Dann told Kerre Woodham we almost seem to be in a self-fulfilling negative spiral.&nbsp;
He says we should be feeling better, but we aren't, and then we start questioning ourselves and the economy.&nbsp;
LISTEN ABOVE&nbsp;

Join Kerre Woodham one of New Zealand’s best loved personalities as she dishes up a bold, sharp and energetic show Monday to Friday 9am-12md on Newstalk ZB. News, opinion, analysis, lifestyle and entertainment – we’ve got your morning listening covered.

Kerre Woodham Mornings Podcast

Liam Dann: NZ Herald Business Editor on the OCR cut, inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c3db7ee0-7b4c-4bd0-9331-b37100105143/transcript

It’s been a tough run for the economy this year, but the Finance Minister is celebrating the progress that was made. 

Nicola Willis told Kerre Woodham the economy is growing, which means that when they look back on 2025, they’ll be able to say it ended a lot better than it started. 

She says that looking into next year, it’s set to grow much faster, with many more jobs being created. 

“People can look forward to their incomes rising faster than inflation and ongoing low interest rates – that's a positive way to start the next year.” 

LISTEN ABOVE 

It’s been a tough run for the economy this year, but the Finance Minister is celebrating the progress that was made.&nbsp;
Nicola Willis told Kerre Woodham the economy is growing, which means that when they look back on 2025, they’ll be able to say it ended a lot better than it started.&nbsp;
She says that looking into next year, it’s set to grow much faster, with many more jobs being created.&nbsp;
“People can look forward to their incomes rising faster than inflation and ongoing low interest rates – that's a positive way to start the next year.”&nbsp;
LISTEN ABOVE&nbsp;

Nicola Willis: Finance Minister reflects on 2025, looks ahead to 2026

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f2c8e416-d0e3-48d4-a0f7-b3b700019f8e/transcript

Trains will be offline across the Auckland rail network from December 27 to January 28. 

KiwiRail says the closure is needed to allow for urgent repairs and maintenance which is needed for the upcoming City Rail Link, set to open in the second half of 2026. 

Public Transport Users Association National Coordinator Jon Reeves told Kerre Woodham that shutting down the trains over the summer for maintenance purposes is the classic cliché that's been going on for about 25 years.  

He says it's become a bit of a joke, and a different way to make these upgrades needs to be found.  

LISTEN ABOVE  

Trains will be offline across the Auckland rail network from December 27 to January 28.&nbsp;
KiwiRail says the closure is needed to allow for urgent repairs and maintenance which is needed for the upcoming City Rail Link, set to open in the second half of 2026.&nbsp;
Public Transport Users Association National Coordinator Jon Reeves told Kerre Woodham that shutting down the trains over the summer for maintenance purposes is the classic cliché that's been going on for about 25 years.&nbsp;&nbsp;
He says it's become a bit of a joke, and a different way to make these upgrades needs to be found. &nbsp;
LISTEN ABOVE&nbsp;&nbsp;

John Reeves: Public Transport Users Association National Coordinator on Auckland trains shutting down over summer for maintenance

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/423ac77d-ce53-491f-9441-b3b6018a61e7/transcript

New Zealand's economy grew more than expected between July and September. 

But between April and June, it shrank more than previously thought. 

GDP rose 1.1% in the September quarter, surpassing all expectation but Stats NZ has revised the numbers for the June quarter, finding GDP actually fell 1%, not the previously-reported 0.9%. 

That means the economy shrank 0.5% in the year to September. 

NZ Herald Business Editor Liam Dann told Kerre Woodham the data is showing there’s some momentum in the economy, especially within manufacturing and business services. 

He says consumers take a bit longer to feel upbeat, but the business core of the economy is picking up.  

LISTEN ABOVE 

New Zealand's economy grew more than expected between July and September.&nbsp;
But between April and June, it shrank more than previously thought.&nbsp;
GDP rose 1.1% in the September quarter, surpassing all expectation but Stats NZ has revised the numbers for the June quarter, finding GDP actually fell 1%, not the previously-reported 0.9%.&nbsp;
That means the economy shrank 0.5% in the year to September.&nbsp;
NZ Herald Business Editor Liam Dann told Kerre Woodham the data is showing there’s some momentum in the economy, especially within manufacturing and business services.&nbsp;
He says consumers take a bit longer to feel upbeat, but the business core of the economy is picking up. &nbsp;
LISTEN ABOVE&nbsp;

Liam Dann: NZ Herald Business Editor on the GDP rising by 1.1% in Q3

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/77c552b5-d200-4a34-b6a4-b3b60184e398/transcript

Liam Dann: NZ Herald Business Editor on the OCR cut, inflation

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