Homeowners can expect some relief - as the Reserve Bank cuts the OCR down in its final update of the year.

The central bank has slashed the rate 50 basis points today - to sit on 4.25 percent.

It's now forecasting 4.1 percent by March next year, 3.6 percent by the end of next year, with an endpoint of 3.1 percent by March 2027.

ZB political correspondent Barry Soper says Governor Adrian Orr has warned this will depend on how things track - as the economy is in for a slow recovery.

LISTEN ABOVE

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

Homeowners can expect some relief - as the Reserve Bank cuts the OCR down in its final update of the year.
The central bank has slashed the rate 50 basis points today - to sit on 4.25 percent.
It's now forecasting 4.1 percent by March next year, 3.6 percent by the end of next year, with an endpoint of 3.1 percent by March 2027.
ZB political correspondent Barry Soper says Governor Adrian Orr has warned this will depend on how things track - as the economy is in for a slow recovery.
LISTEN ABOVE
The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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The SME Stream

Barry Soper: Newstalk ZB senior political correspondent on the OCR being cut by 50 basis points

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c73457df-46ea-4312-8192-b2350145f6e8/transcript

"As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice. 


This week, Tariff news is back on the agenda, so will it bring more economic wobbles? People are slowly opening up their wallets again at the checkout and why our Reserve Bank Governor expects AI to make us richer - plus how to turn an everyday idea into a profit-making business.

"As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice.&nbsp;
 This week,&nbsp;Tariff news is back on the agenda, so will it bring more economic wobbles? People are slowly opening up their wallets again at the checkout and why our Reserve Bank Governor expects AI to make us richer - plus how to turn an everyday idea into a profit-making business.

SME Stream Weekly Wrap - 27 February

Air New Zealand is fighting with one hand tied behind its back facing local costs its international competitors avoid. 

The national airline's announced a $40 million half-year loss. 

The new Chief Executive says airlines are a cyclical business, and New Zealand is disproportionately exposed to local inflation.  

Nikhil Ravishankar told Mike Hosking some of the other airlines making more money are the ones that have recently gone through a downturn. 

He says it's partly nature of the business, but there are also things we're exposed to locally that some of our competitors aren't. 

They’ve also been struggling with aircraft being grounded due to global engine issues, a slower than expected recovery, and rising costs. 

Ravishankar told Hosking he took on a business grappling with a post-Covid rebuild. 

He says up until now, they've been playing not to lose, but now they're building a business that can play to win.  

LISTEN ABOVE  

Air New Zealand is fighting with one hand tied behind its back facing local costs its international competitors avoid.&nbsp;
The national airline's announced a $40 million half-year loss.&nbsp;
The new Chief Executive says airlines are a cyclical business, and New Zealand is disproportionately exposed to local inflation. &nbsp;
Nikhil Ravishankar told Mike Hosking some of the other airlines making more money are the ones that have recently gone through a downturn.&nbsp;
He says it's partly nature of the business, but there are also things we're exposed to locally that some of our competitors aren't.&nbsp;
They&rsquo;ve also been struggling with aircraft being grounded due to global engine issues, a slower than expected recovery, and rising costs.&nbsp;
Ravishankar told Hosking he took on a business grappling with a post-Covid rebuild.&nbsp;
He says up until now, they've been playing not to lose, but now they're building a business that can play to win. &nbsp;
LISTEN ABOVE &nbsp;

Nikhil Ravishankar: Air New Zealand CEO on the company's $40 million half-year loss

Garth Bray joins Ryan to talk business with thanks to Forsyth Barr.

Garth Bray joins Ryan to talk business with thanks to Forsyth Barr.

Barry Soper: Newstalk ZB senior political correspondent on the OCR being cut by 50 basis points

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