A war of words between the banking sector and its regulator over how much New Zealanders want cash.  

The Reserve Bank's proposing opening more branches and hubs to provide cash services, costing the sector $104 million a year.  

It says cash continues to play an essential role for small businesses and communities.  

But Banking Association Chief Executive Roger Beaumont told Mike Hosking customers are moving towards digital payment methods.  

He says they're using apps or online banking, rather than going to punch in a pin at an ATM to buy an icecream from the dairy. 

LISTEN ABOVE 

A war of words between the banking sector and its regulator over how much New Zealanders want cash. &nbsp;
The Reserve Bank's proposing opening more branches and hubs to provide cash services, costing the sector $104 million a year. &nbsp;
It says cash continues to play an essential role for small businesses and communities. &nbsp;
But Banking Association Chief Executive Roger Beaumont told Mike Hosking customers are moving towards digital payment methods. &nbsp;
He says they're using apps or online banking, rather than going to punch in a pin at an ATM to buy an icecream from the dairy.&nbsp;
LISTEN ABOVE&nbsp;

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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

Roger Beaumont: Banking Association CEO on the Reserve Bank's push for banks to provide cash services

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/edec937c-4a25-439d-8c1f-b3fc0138fb61/transcript

Rural schools are welcoming extra support from the Government to deal with rising fuel costs. 

Small schools will receive one-off additional funding, and 70 schools will receive a one-off grant to speed up the replacement of diesel boilers.  

Mileage support for rural relief teachers is also being doubled. 

Rural Schools Leadership Association president Andrew King told Mike Hosking it's been hard for country schools to soak up these extra costs.  

He says having that extra money means they won't have to think about where to pool money from. 

LISTEN ABOVE 

Rural schools are welcoming extra support from the Government to deal with rising fuel costs.&nbsp;
Small schools will receive one-off additional funding, and 70 schools will receive a one-off grant to speed up the replacement of diesel boilers. &nbsp;
Mileage support for rural relief teachers is also being doubled.&nbsp;
Rural Schools Leadership Association president Andrew King told Mike Hosking it's been hard for country schools to soak up these extra costs. &nbsp;
He says having that extra money means they won't have to think about where to pool money from.&nbsp;
LISTEN ABOVE&nbsp;

Andrew King: Rural Schools Leadership Association President on the Government fuel relief package for rural schools

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/948d12f9-7737-475e-9c10-b4320158970e/transcript

Today's inflation numbers won't reflect the full impact of the war in the Middle East. 

The first quarter of this year's expected to show a dip in annual inflation after 2025 ended with a rate of 3.1%.  

Bank economists are predicting an inflation rate between 2.8 and 3.1%. 

BNZ Chief Economist Mike Jones told Mike Hosking despite not showing the current picture, there will still be some interest in today’s numbers – particularly the core inflation figures. 

He says that if they ease, it’ll give the Reserve Bank a bit more rope to look through some of the shock, and if they strengthen, it’ll probably excite those calling for earlier rate increases. 

LISTEN ABOVE 

Today's inflation numbers won't reflect the full impact of the war in the Middle East.&nbsp;
The first quarter of this year's expected to show a dip in annual inflation after 2025 ended with a rate of 3.1%. &nbsp;
Bank economists are predicting an inflation rate between 2.8 and 3.1%.&nbsp;
BNZ Chief Economist Mike Jones told Mike Hosking despite not showing the current picture, there will still be some interest in today’s numbers – particularly the core inflation figures.&nbsp;
He says that if they ease, it’ll give the Reserve Bank a bit more rope to look through some of the shock, and if they strengthen, it’ll probably excite those calling for earlier rate increases.&nbsp;
LISTEN ABOVE&nbsp;

Mike Jones: BNZ Chief Economist on the CPI data for Q1 releasing today amidst the Middle East crisis

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1aadef1a-624f-46c1-8b3a-b4320155b48b/transcript

Insurance companies are getting very specific when assessing which properties are exposed to risks like flooding, an insurance expert says, but there’s a limit. 

An intense storm like the one that hit some Wellington suburbs yesterday could have happened anywhere, making the risk much harder to pin down to individual properties, Bryce Davies —climate spokesperson for AMI, State, and NZI— told Mike Hosking. 

If people didn’t address the risks to their properties from flooding and wind damage it would “absolutely” have an impact on their insurance premiums, he said. 

Insurers would also be increasingly focused on perils like landslips in the coming years. 

But Davies said AMI, State, and NZI weren’t making blanket decisions to pull insurance from some areas. 

“We’re here to insure people…that’s our business and so we’re focused on making sure that we can do that.” 

LISTEN ABOVE 

Insurance companies are getting very specific when assessing which properties are exposed to risks like flooding, an insurance expert says, but there’s a limit.&nbsp;
An intense storm like the one that hit some Wellington suburbs yesterday could have happened anywhere, making the risk much harder to pin down to individual properties, Bryce Davies —climate spokesperson for AMI, State, and NZI— told Mike Hosking.&nbsp;
If people didn’t address the risks to their properties from flooding and wind damage it would “absolutely” have an impact on their insurance premiums, he said.&nbsp;
Insurers would also be increasingly focused on perils like landslips in the coming years.&nbsp;
But Davies said AMI, State, and NZI weren’t making blanket decisions to pull insurance from some areas.&nbsp;
“We’re here to insure people…that’s our business and so we’re focused on making sure that we can do that.”&nbsp;
LISTEN ABOVE&nbsp;

Bryce Davies: AMI, State, and NZI Climate Spokesperson on weather based claims spiking 256%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e0eac078-8d23-4afc-8929-b43201507be4/transcript

Roger Beaumont: Banking Association CEO on the Reserve Bank's push for banks to provide cash services

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