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Christopher Luxon: Prime Minister discusses the OCR cut, superannuation, public service leaks

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Manage episode 485488995 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Christopher Luxon remains hopeful the latest cut in the OCR isn't the last.

The Reserve Bank's dropped the Official Cash Rate 25 basis points to 3.25%, and is now forecasting it will reach a low of 2.9 percent in December.

But the Monetary Policy Committee wasn't able to reach a unanimous decision to cut the cash rate.

The Prime Minister told Mike Hosking Acting Governor Christian Hawkesby is dealing with a period of global uncertainty.

He says there's a huge amount of volatility that Hawkesby is navigating, but the economy is turning a corner.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7151 episodes

Artwork
iconShare
 
Manage episode 485488995 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Christopher Luxon remains hopeful the latest cut in the OCR isn't the last.

The Reserve Bank's dropped the Official Cash Rate 25 basis points to 3.25%, and is now forecasting it will reach a low of 2.9 percent in December.

But the Monetary Policy Committee wasn't able to reach a unanimous decision to cut the cash rate.

The Prime Minister told Mike Hosking Acting Governor Christian Hawkesby is dealing with a period of global uncertainty.

He says there's a huge amount of volatility that Hawkesby is navigating, but the economy is turning a corner.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7151 episodes

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