Sir John Key says the Reserve Bank deserves much of the blame for the latest sharp drop in GDP. 

Our economy's contracted 0.9% in the June quarter. 

The Government says international turmoil and uncertainty over tariffs have driven the fall, which was much larger than expected. 

Key told Mike Hosking the OCR was also a major factor. 

He says two months ago he was criticised for calling for the OCR to come down 100-basis points, but that will probably now happen by Christmas. 

LISTEN ABOVE 

Sir John Key says the Reserve Bank deserves much of the blame for the latest sharp drop in GDP.&nbsp;
Our economy's contracted 0.9% in the June quarter.&nbsp;
The Government says international turmoil and uncertainty over tariffs have driven the fall, which was much larger than expected.&nbsp;
Key told Mike Hosking the OCR was also a major factor.&nbsp;
He says two months ago he was criticised for calling for the OCR to come down 100-basis points, but that will probably now happen by Christmas.&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,...

The Mike Hosking Breakfast

Sir John Key: Former Prime Minister on the GDP contracting 0.9%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7b045ffa-8c94-4c54-8cbf-b35c014608ea/transcript