On the Mike Hosking Breakfast Full Show Podcast for Wednesday 8th of October, what is the Reserve Bank going to do today? Cut 25 basis points or 50? 

If I told you that on average we're only spending $2 more per week on groceries compared to 2023, would you believe me? 

Mark Mitchell and Ginny Andersen talk the Government's benefit policy and protesting outside MPs’ homes on Politics Wednesday. 

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE 

On the Mike Hosking Breakfast Full Show Podcast for Wednesday 8th of October, <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/nick-tuffley-asb-chief-economist-on-whether-the-ocr-will-be-cut-by-25-basis-points-or-50/">what is the Reserve Bank going to do today?</a> Cut 25 basis points or 50?&nbsp;
If I told you that on average we're only spending $2 more per week on groceries compared to 2023, would you believe me?&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/pollies-mark-mitchell-and-ginny-andersen-talk-protest-laws-benefit-policy/">Mark Mitchell and Ginny Andersen</a> talk the Government's benefit policy and protesting outside MPs’ homes on Politics Wednesday.&nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&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

Full Show Podcast: 08 October 2025 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/67b7b676-4795-4777-9a9b-b36f014c96f5/transcript

The All Blacks faced their first loss of the South Africa tour on Sunday as the Springboks held them off to win 33 - 26. 

But, Newstalk ZB lead rugby commentator Elliott Smith isn't concerned. 

"I think this is what we expected out of the series, Mike, a ding dong battle, and that's exactly what we've got," he told Mike Hosking.

LISTEN ABOVE 

The All Blacks faced their first loss of the South Africa tour on Sunday as the Springboks held them off to win 33 - 26.&nbsp;
But, Newstalk ZB lead rugby commentator Elliott Smith isn't concerned.&nbsp;
"I think this is what we expected out of the series, Mike, a ding dong battle, and that's exactly what we've got," he told Mike Hosking.
LISTEN ABOVE&nbsp;

Elliott Smith: Newstalk ZB rugby commentator on All Blacks loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b8cb3676-6c48-4f6a-a5db-b4b6014e8c48/transcript

To the Reserve Bank, the cash rate and the state of NZ Inc.

It's assumed by most that the cash rate will be increased 25 points to 2.75%.

It's also assumed there will be another one by the end of the year. What happens after that has a “who knows” feel about it.

What I feel, to a degree, is a groundhog-ish sort of vibe.

We have been here before. We were here before the war. The momentum was building, the recovery was on and we started to feel good about the place.

Then Trump blew it up.

It turns out, if Westpac are right, the period of the war (April, May and June i.e Q2) wasn’t as bad as we thought it might be.

They argue we will see negative growth of -0.1%, so in other words, it's flat and a return to real growth in this current quarter. This is all good!

What the Reserve Bank worry about is inflation. Perhaps they shouldn't be as much as they might be? No it is not in the band, but it's tracking that way.

Business and their desire to bump prices has hit a wall. We simply won't pay and we'd rather not buy than pay more.

The exceptions are rates, power, insurance and imported stuff like oil and also, previously, food.

The Reserve Bank can look through oil a bit. Insurance is starting to be under control. Even power for some is starting to fall in price as generation costs fall.

Food at 1.9% is sorted. Rates of course are an ongoing scandal but, and this is where Kiwibank are right, there is enough there if you were of a mind to just take a beat and let this play out a bit further.

In other words, given we are back where we were about a year ago i.e on the move and feeling better, why would you take a hammer, or at least a negative view of it all, and squeeze when you don’t really need to?

Why risk choking off what little we currently have?

To my mind it is a persuasive argument. It's perhaps a weakness in the Reserve Bank riding instructions, the singular focus on inflation.

But we are currently coalescing under the broad idea of "here we go again", "it's coming right" and "at last, better days ahead".

Please, just for Wednesday, don't wreck it. Is that too much to ask?

LISTEN ABOVE 

To the Reserve Bank, the cash rate and the state of NZ Inc.
It's assumed by most that the cash rate will be increased 25 points to 2.75%.
It's also assumed there will be another one by the end of the year. What happens after that has a “who knows” feel about it.
What I feel, to a degree, is a groundhog-ish sort of vibe.
We have been here before. We were here before the war. The momentum was building, the recovery was on and we started to feel good about the place.
Then Trump blew it up.
It turns out, if Westpac are right, the period of the war (April, May and June i.e Q2) wasn’t as bad as we thought it might be.
They argue we will see negative growth of -0.1%, so in other words, it's flat and a return to real growth in this current quarter. This is all good!
What the Reserve Bank worry about is inflation. Perhaps they shouldn't be as much as they might be? No it is not in the band, but it's tracking that way.
Business and their desire to bump prices has hit a wall. We simply won't pay and we'd rather not buy than pay more.
The exceptions are rates, power, insurance and imported stuff like oil and also, previously, food.
The Reserve Bank can look through oil a bit. Insurance is starting to be under control. Even power for some is starting to fall in price as generation costs fall.
Food at 1.9% is sorted. Rates of course are an ongoing scandal but, and this is where Kiwibank are right, there is enough there if you were of a mind to just take a beat and let this play out a bit further.
In other words, given we are back where we were about a year ago i.e on the move and feeling better, why would you take a hammer, or at least a negative view of it all, and squeeze when you don’t really need to?
Why risk choking off what little we currently have?
To my mind it is a persuasive argument. It's perhaps a weakness in the Reserve Bank riding instructions, the singular focus on inflation.
But we are currently coalescing under the broad idea of "here we go again", "it's coming right" and "at last, better days ahead".
Please, just for Wednesday, don't wreck it. Is that too much to ask?
LISTEN ABOVE&nbsp;

Mike's Minute: "Why risk choking off what little we currently have?"

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f4ac0c1a-995d-4a3d-93c6-b4b60149245d/transcript

The arrival of cruise ship Crown Princess in Auckland has marked the start of the 2026/27 cruise season. 

Louise Upston says 200,000 cruise passengers are expected to visit New Zealand between now and the end of June and Tātaki Auckland Unlimited expects the cruise sector to contribute more than $200 million to the local economy this season.

But, NZ Cruise Association CEO Jacqui Lloyd told Mike Hosking the benefits aren't limited to the major centres.

"I think it's the regional spread that cruise provides, the international spend that comes into smaller regions around the country that don't necessarily usually see, a lot of international visitation areas like Tauranga, Napier, Picton, Dunedin."

The arrival of cruise ship Crown Princess in Auckland has marked the start of the 2026/27 cruise season.&nbsp;
Louise Upston says 200,000 cruise passengers are expected to visit New Zealand between now and the end of June and Tātaki Auckland Unlimited expects the cruise sector to contribute more than $200 million to the local economy this season.
But, NZ Cruise Association CEO Jacqui Lloyd told Mike Hosking the benefits aren't limited to the major centres.
"I think it's the regional spread that cruise provides, the international spend that comes into smaller regions around the country that don't necessarily usually see, a lot of international visitation areas like Tauranga, Napier, Picton, Dunedin."

Jacqui Lloyd: NZ Cruise Association CEO on climbing cruise visitors

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/49b921b9-4bb5-4222-9ea5-b4b6014634c2/transcript

Full Show Podcast: 08 October 2025

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