Sir John Key says the Reserve Bank deserves much of the blame for the latest sharp drop in GDP. 

Our economy's contracted 0.9% in the June quarter. 

The Government says international turmoil and uncertainty over tariffs have driven the fall, which was much larger than expected. 

Key told Mike Hosking the OCR was also a major factor. 

He says two months ago he was criticised for calling for the OCR to come down 100-basis points, but that will probably now happen by Christmas. 

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. 

Sir John Key says the Reserve Bank deserves much of the blame for the latest sharp drop in GDP.&nbsp;
Our economy's contracted 0.9% in the June quarter.&nbsp;
The Government says international turmoil and uncertainty over tariffs have driven the fall, which was much larger than expected.&nbsp;
Key told Mike Hosking the OCR was also a major factor.&nbsp;
He says two months ago he was criticised for calling for the OCR to come down 100-basis points, but that will probably now happen by Christmas.&nbsp;
LISTEN ABOVE&nbsp;
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;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.&nbsp;

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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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