Three major New Zealand banks have slashed their rates ahead of next week's OCR review.

Both Kiwibank and BNZ have urged the Reserve Bank to cut the cash rate down - months ahead of predicted forecasts.

Infometrics Principal Economist Brad Olsen explains why there's a case for the Reserve Bank to move quicker.

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. 

Three major New Zealand banks have slashed their rates ahead of next week's OCR review.
Both Kiwibank and BNZ have urged the Reserve Bank to cut the cash rate down - months ahead of predicted forecasts.
Infometrics Principal Economist Brad Olsen explains why there's a case for the Reserve Bank to move quicker.
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? 
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Brad Olsen Infometrics Principal Economist on the increase in banks dropping the

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/46685355-6637-4cb2-9dd6-b1f30000c43d/transcript

The Government is actively monitoring the impact international fuel prices are having on the price we're being asked to pay at the pump. 

Crude oil prices have topped US$100 a barrel for the first time in three years, and our petrol prices surged another 14 cents in the weekend. 

Finance Minister Nicola Willis told Mike Hosking that they’re conscious that the price at the pump impacts not only most New Zealanders, but also freight costs and other costs across the economy. 

But she says they need to understand what the bigger picture looks like before they overreact, as any money they throw at the problem is money they will need to borrow.  

“We need to be prudent about New Zealand’s fiscal position.” 

LISTEN ABOVE   

The Government is actively monitoring the impact international fuel prices are having on the price we're being asked to pay at the pump.&nbsp;
Crude oil prices have topped US$100 a barrel for the first time in three years, and our petrol prices surged another 14 cents in the weekend.&nbsp;
Finance Minister Nicola Willis told Mike Hosking that they&rsquo;re conscious that the price at the pump impacts not only most New Zealanders, but also freight costs and other costs across the economy.&nbsp;
But she says they need to understand what the bigger picture looks like before they overreact, as any money they throw at the problem is money they will need to borrow. &nbsp;
&ldquo;We need to be prudent about New Zealand&rsquo;s fiscal position.&rdquo;&nbsp;
LISTEN ABOVE &nbsp;&nbsp;

Nicola Willis: Finance Minister on the impact of the conflict in the Middle East on fuel prices

Garth Bray joins Ryan with today's business update thanks to Forsyth Barr.

Garth Bray joins Ryan with today's business update thanks to Forsyth Barr.

 Business: US tech sector layoffs up | oil shock | commercial insurance costs fall

Some positive signs from international markets overnight. 

American and European markets tumbled on Friday due to ongoing concerns about the Middle East conflict. 

Asia-Pacific markets followed suit yesterday, with the NZX 50 dropping 3.1%. 

Craigs Investment Partners Investment Director Mark Lister told Mike Hosking trading overnight has been more subdued. 

He says oil prices got up to about $120 a barrel and are now back in the 90s, and the US, UK, and Europe markets are down again, but only slightly. 

LISTEN ABOVE   

Some positive signs from international markets overnight.&nbsp;
American and European markets tumbled on Friday due to ongoing concerns about the Middle East conflict.&nbsp;
Asia-Pacific markets followed suit yesterday, with the NZX 50 dropping 3.1%.&nbsp;
Craigs Investment Partners Investment Director Mark Lister told Mike Hosking trading overnight has been more subdued.&nbsp;
He says oil prices got up to about $120 a barrel and are now back in the 90s, and the US, UK, and Europe markets are down again, but only slightly.&nbsp;
LISTEN ABOVE &nbsp;&nbsp;

Brad Olsen Infometrics Principal Economist on the increase in banks dropping the

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