A former Reserve Bank economist says there's a case for the Reserve Bank cutting the Official Cash Rate by 75 basis points.  

The Reserve Bank will release its latest decision today.  

It's widely expected to cut the rate by 50-basis points from 4.75% to 4.25%.  

Former reserve bank economist Michael Reddell told Mike Hosking the Reserve Bank's view of an OCR of 2.5-3% as being neutral is the best guess.  

He says we genuinely won't know until after we've got there and seen the inflationary consequences, but he thinks we will be at that figure by next August. 

LISTEN ABOVE 

A former Reserve Bank economist says there's a case for the Reserve Bank cutting the Official Cash Rate by 75 basis points. &nbsp;
The Reserve Bank will release its latest decision today. &nbsp;
It's widely expected to cut the rate by 50-basis points from 4.75% to 4.25%. &nbsp;
Former reserve bank economist Michael Reddell told Mike Hosking the Reserve Bank's view of an OCR of 2.5-3% as being neutral is the best guess. &nbsp;
He says we genuinely won't know until after we've got there and seen the inflationary consequences, but he thinks we will be at that figure by next August.&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

Michael Reddell: Former Reserve Bank Economist ahead of the OCR announcement

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/299ab863-322f-41f9-abd7-b23401394e1a/transcript

When I spoke to Jeffrey Archer last year, he didn’t look anything other than what he has always looked like – vibrant, well, and full of good vigour. 

So his death is a shock. 

He looked like a very good 86-year-old. Or 85-year-old, as he was when I talked to him. I also talked to him a couple of years earlier when we were in London for the coronation. 

We got on well. He was one of those guests that over the years you lost count of how many times you had talked to them. 

One of the great joys of having been around a while is you get to talk to most of them. But the downside of having been around a while, is eventually they will start to pass. 

I wasn’t expecting Archer to go at mid 80s. That was a bloke who had a purpose, who was still working daily, who was still in demand in books, who was still revelling in life and had more cricket stories to tell. 

I met him in Christchurch when he was on a book tour. Side note, that's perhaps one of the sadder changes in modern communication. 

Authors don’t really need to tour any more. They can turn on the WhatsApp or sit on the Zoom. 

Ironically, and perhaps a small regret on my part in London in 2023 for the coronation, I was due to go to his famed apartment overlooking the Thames, but had to cancel and do it from the studio because of timing and coronation traffic.  

On my first meeting in Christchurch after the interview, I was doing mornings, he said, "let's go to lunch". So down Kilmore we walked, turned into Durham and sat down at a place I can't remember, other than it was well established. 

And we had soup. I had soup because he had soup. And because in the early 90s I was about 25-years-old and Archer was a rockstar and I wasn’t sure why I was at lunch with Jeffrey Archer. 

But the stories! Lunch went on, not because of more soup or a lot of wine, but because the stories didn’t stop. In terms of regale and laughter, it's a tie between lunch with Archer and dinner with Bob Hawke. Both were world class at stories. 

And once you meet the connection for life is made and so it was with Jeffrey Archer. Too many interviews to count, but every one a joy. If you're energised by bright, successful people Archer was your man. 

He was brilliant. He will be missed.  

When I spoke to Jeffrey Archer last year, he didn’t look anything other than what he has always looked like – vibrant, well, and full of good vigour.&nbsp;
So his death is a shock.&nbsp;
He looked like a very good 86-year-old. Or 85-year-old, as he was when I talked to him. I also talked to him a couple of years earlier when we were in London for the coronation.&nbsp;
We got on well. He was one of those guests that over the years you lost count of how many times you had talked to them.&nbsp;
One of the great joys of having been around a while is you get to talk to most of them. But the downside of having been around a while, is eventually they will start to pass.&nbsp;
I wasn’t expecting Archer to go at mid 80s. That was a bloke who had a purpose, who was still working daily, who was still in demand in books, who was still revelling in life and had more cricket stories to tell.&nbsp;
I met him in Christchurch when he was on a book tour. Side note, that's perhaps one of the sadder changes in modern communication.&nbsp;
Authors don’t really need to tour any more. They can turn on the WhatsApp or sit on the Zoom.&nbsp;
Ironically, and perhaps a small regret on my part in London in 2023 for the coronation, I was due to go to his famed apartment overlooking the Thames, but had to cancel and do it from the studio because of timing and coronation traffic. &nbsp;
On my first meeting in Christchurch after the interview, I was doing mornings, he said, "let's go to lunch". So down Kilmore we walked, turned into Durham and sat down at a place I can't remember, other than it was well established.&nbsp;
And we had soup. I had soup because he had soup. And because in the early 90s I was about 25-years-old and Archer was a rockstar and I wasn’t sure why I was at lunch with Jeffrey Archer.&nbsp;
But the stories! Lunch went on, not because of more soup or a lot of wine, but because the stories didn’t stop. In terms of regale and laughter, it's a tie between lunch with Archer and dinner with Bob Hawke. Both were world class at stories.&nbsp;
And once you meet the connection for life is made and so it was with Jeffrey Archer. Too many interviews to count, but every one a joy. If you're energised by bright, successful people Archer was your man.&nbsp;
He was brilliant. He will be missed. &nbsp;

Mike's Minute: Remembering Jeffrey Archer

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b2f3cab5-dbfa-4236-86b2-b4de014e9caf/transcript

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. 

 

The campaign: 7/10 

It feels real at last. The first debate, the volley of policy, the rolling coverage; a country engaged in democracy is a very fine thing. 

 

The first leader's debate: 5/10 

These things no longer work. They produce little, if anything. The world has changed, our consumption of news has changed. These need to change too. 

 

Jaguar: 8/10 

In a world of design blandness, they will not die wondering. The Type 01 is either exceptional, or the end. 

 

Cocaine: 3/10 

Most sobering, if not depressing, news of the week. Our use is third world. We are embarrassing. 

 

Zombie Towns: 7/10 

It’s a NZ On Air mini-series made by economist Shamubeel Eaqub. Places like Balclutha and Tokoroa, it's an educational watch and reminded me not everything NZ On Air funds is wasted. 

 

LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW 

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.&nbsp;
&nbsp;
The campaign: 7/10&nbsp;
It feels real at last. The first debate, the volley of policy, the rolling coverage; a country engaged in democracy is a very fine thing.&nbsp;
&nbsp;
The first leader's debate: 5/10&nbsp;
These things no longer work. They produce little, if anything. The world has changed, our consumption of news has changed. These need to change too.&nbsp;
&nbsp;
Jaguar: 8/10&nbsp;
In a world of design blandness, they will not die wondering. The Type 01 is either exceptional, or the end.&nbsp;
&nbsp;
Cocaine: 3/10&nbsp;
Most sobering, if not depressing, news of the week. Our use is third world. We are embarrassing.&nbsp;
&nbsp;
Zombie Towns: 7/10&nbsp;
It’s a NZ On Air mini-series made by economist Shamubeel Eaqub. Places like Balclutha and Tokoroa, it's an educational watch and reminded me not everything NZ On Air funds is wasted.&nbsp;
&nbsp;
LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW&nbsp;

Mark the Week: The leaders debates no longer work

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/38a2d37a-a693-4699-8d39-b4dd016cf5eb/transcript

Trademark law is in the spotlight with a couple of key cases making the news.  

British Car Manufacturer McLaren has applied to trademark the Auckland suburbs of Remuera and Muriwai – potentially for their first SUV.  

And NZ Rugby has taken legal action to stop Papua New Guinea's new NRL franchise from using the 'Chiefs' name. 

Intellectual Property Lawyer Rick Shera told Mike Hosking that while it's unlikely there'd be confusion between New Zealand's Chiefs and Papua New Guinea's, trademark law isn't based on confusion, it's based on distinction. 

He says that even if NZR was sympathetic to the PNG club, they have to defend their trademark or they risk losing it later down the line.  

With the McLaren case, securing those trademarks within New Zealand would likely be a challenge, Shera told Hosking, but not overseas. 

He says trademarks are jurisdictional, so as long as there's no Remuera SUV mark, car mark, or vehicle mark in the UK, they'll probably be fine. 

Shera says their bigger issue would be the fact that they're Māori names, which could cause controversy.  

LISTEN ABOVE 

Trademark law is in the spotlight with a couple of key cases making the news. &nbsp;
British Car Manufacturer McLaren has applied to trademark the Auckland suburbs of Remuera and Muriwai – potentially for their first SUV. &nbsp;
And NZ Rugby has taken legal action to stop Papua New Guinea's new NRL franchise from using the 'Chiefs' name.&nbsp;
Intellectual Property Lawyer Rick Shera told Mike Hosking that while it's unlikely there'd be confusion between New Zealand's Chiefs and Papua New Guinea's, trademark law isn't based on confusion, it's based on distinction.&nbsp;
He says that even if NZR was sympathetic to the PNG club, they have to defend their trademark or they risk losing it later down the line. &nbsp;
With the McLaren case, securing those trademarks within New Zealand would likely be a challenge, Shera told Hosking, but not overseas.&nbsp;
He says trademarks are jurisdictional, so as long as there's no Remuera SUV mark, car mark, or vehicle mark in the UK, they'll probably be fine.&nbsp;
Shera says their bigger issue would be the fact that they're Māori names, which could cause controversy. &nbsp;
LISTEN ABOVE&nbsp;

Rick Shera: Lowndes & Jordan Intellectual Property Lawyer on McLaren applying to trademark Remuera and Muriwai, NZR's Chiefs dispute

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/82dc984e-e89f-4e7c-8547-b4dd016667c8/transcript

Michael Reddell: Former Reserve Bank Economist ahead of the OCR announcement

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