There's uncertainty if the Reserve Bank will change tack following the revelation of New Zealand's deep recession. 

Stats NZ figures out yesterday show GDP fell 1% in the three months to September. 

It’s also revised the preceding quarter down to 1.1% contraction. 

Former Reserve Bank Economist Michael Reddell says it did achieve its goal of bringing inflation under control. 

He told Heather du Plessis-Allan he doubts they'll ramp up the size of OCR cuts next year in response to the recession. 

Reddell says it's more likely they'll go ahead with a 50 basis point cut, then tail them off next year. 

LISTEN ABOVE 

There's uncertainty if the Reserve Bank will change tack following the revelation of New Zealand's deep recession.&nbsp;
Stats NZ figures out yesterday show GDP fell 1% in the three months to September.&nbsp;
It’s also revised the preceding quarter down to 1.1% contraction.&nbsp;
Former Reserve Bank Economist Michael Reddell says it did achieve its goal of bringing inflation under control.&nbsp;
He told Heather du Plessis-Allan he doubts they'll ramp up the size of OCR cuts next year in response to the recession.&nbsp;
Reddell says it's more likely they'll go ahead with a 50 basis point cut, then tail them off next year.&nbsp;
LISTEN ABOVE&nbsp;

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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,...

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Michael Reddell: Former Reserve Bank Economist on the likely way the Reserve Bank will respond to the drop in the GDP

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7b851b05-65ba-43ec-8dad-b24b013c9f05/transcript

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