The Reserve Bank Governor's defending the latest hike to the Official Cash Rate. 

The central bank's raised the cash rate another 25-basis-points to 2.75%. 

Anna Breman says they'll need to assess the impact of the past two OCR hikes before deciding whether to hike again. 

But she told Mike Hosking yesterday's hike was needed to rein in high inflation. 

She says if the OCR had been left unchanged yesterday, the Reserve Bank may have had to act much more aggressively later. 

LISTEN ABOVE  

The Reserve Bank Governor's defending the latest hike to the Official Cash Rate.&nbsp;
The central bank's raised the cash rate another 25-basis-points to 2.75%.&nbsp;
Anna Breman says they'll need to assess the impact of the past two OCR hikes before deciding whether to hike again.&nbsp;
But she told Mike Hosking yesterday's hike was needed to rein in high inflation.&nbsp;
She says if the OCR had been left unchanged yesterday, the Reserve Bank may have had to act much more aggressively later.&nbsp;
LISTEN ABOVE &nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Anna Breman: Reserve Bank Governor on the decision to hike to Official Cash Rate to 2.75%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bba4c0fa-8b4c-4f99-b633-b4b9014d9284/transcript

Listen to the Mike Hosking Breakfast Full Show Podcast for Thursday  3 September.

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

Listen to the Mike Hosking Breakfast Full Show Podcast for Thursday 3 September. 
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 03 September 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8efc52b6-b3cc-48bb-82fa-b4b9015d76e7/transcript

The Government is cracking down on organised crime, targeting what it's calling New Zealand's biggest security threat. 

Casey Costello has been appointed the first Organised Crime Minister, setting up a five-member panel of government agency chief executives, co-chaired by the Police Commissioner and Customs Controller. 

She told Mike Hosking it's about building stronger international relationships with governments and strengthening legalisation. 

Costello says 14 tonnes of cocaine was intercepted in the Pacific in the first six months of this year, so it must be stopped before it reaches New Zealand's borders. 

She says work will start before the election so the new Government can hit the ground running. 

LISTEN ABOVE  

The Government is cracking down on organised crime, targeting what it's calling New Zealand's biggest security threat.&nbsp;
Casey Costello has been appointed the first Organised Crime Minister, setting up a five-member panel of government agency chief executives, co-chaired by the Police Commissioner and Customs Controller.&nbsp;
She told Mike Hosking it's about building stronger international relationships with governments and strengthening legalisation.&nbsp;
Costello says 14 tonnes of cocaine was intercepted in the Pacific in the first six months of this year, so it must be stopped before it reaches New Zealand's borders.&nbsp;
She says work will start before the election so the new Government can hit the ground running.&nbsp;
LISTEN ABOVE &nbsp;

Casey Costello: Organised Crime Minister on her new portfolio, tackling New Zealand's biggest security threat

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a5f0ea9e-706a-482b-88ea-b4b9015b385f/transcript

Signs of recovery for the building sector, though some places are bouncing back faster than others.  

Master Builders' annual State of the Sector survey finds 68% of its members report a strong or steady pipeline of work – up slightly on last year.  

Recent homeowners are also more confident, with 91% saying they'd recommend building to others, and three quarters experiencing no delays.  

CEO Ankit Sharma told Mike Hosking the recovery around the country varies. 

He says Auckland and Wellington are still in the early stages, but southern and regional New Zealand is doing well. 

LISTEN ABOVE  

Signs of recovery for the building sector, though some places are bouncing back faster than others. &nbsp;
Master Builders' annual State of the Sector survey finds 68% of its members report a strong or steady pipeline of work – up slightly on last year. &nbsp;
Recent homeowners are also more confident, with 91% saying they'd recommend building to others, and three quarters experiencing no delays. &nbsp;
CEO Ankit Sharma told Mike Hosking the recovery around the country varies.&nbsp;
He says Auckland and Wellington are still in the early stages, but southern and regional New Zealand is doing well.&nbsp;
LISTEN ABOVE &nbsp;

Ankit Sharma: Master Builders CEO on the survey finding more builders are reporting a strong or steady pipeline of work

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b2f68e81-1c94-4e37-943d-b4b90157249c/transcript

Anna Breman: Reserve Bank Governor on the decision to hike to Official Cash Rate to 2.75%

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