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Murray Olds: Australian correspondent on the Reserve Bank holding the OCR steady · Best of Business

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  Speaker 1: You're listening to a podcast from News talks'd be follow
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  Speaker 2: Murray Olds is our Australia correspondent, Murray Good afternoon.
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  Speaker 3: Good day, made Gooday, right, I'm going.
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  Speaker 2: Yeah, So no surprises there. The Reserve banks held steady.
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  Speaker 3: Yeah, that's right exactly, And that was what was the
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  Speaker 3: stat I read this morning, ninety two percent of economists.
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  Speaker 3: So who wants to be precise when your economists, But
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  Speaker 3: ninety two percent was saying no way, no, they're going
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  Speaker 3: to go today. They did cut in February, the first
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  Speaker 3: rate cut after the one in February. The first rate
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  Speaker 3: cut in February, would say, since November twenty twenty, so
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  Speaker 3: a long time coming. And the basic word now is
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  Speaker 3: do not hold your breath because of the uncertainty around things. Also,
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  Speaker 3: of course, the Reserve Bank and the Governor Michelle Bullock
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  Speaker 3: very cognizant of criticism that a Reserve Bank cut and
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  Speaker 3: official interest rates today might feed into the election campaign
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  Speaker 3: and give the impression the independence of the Reserve Bank
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  Speaker 3: would be questioned, given that an interest rate cut would
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  Speaker 3: conceivably give labor a a bit of a help along,
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  Speaker 3: So no cut today four point one percent is where
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  Speaker 3: it's stopping. And that's very interesting indeed in terms of
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  Speaker 3: what is going to arrive tomorrow, perhaps the day after
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  Speaker 3: Donald Trump.
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  Speaker 2: Yeah, which no one really knows. So I mean, what's
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  Speaker 2: the point trying to guess? I guess now, let's move
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  Speaker 2: to the election, because there's a lot to get through.
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  Speaker 2: Doesn't if he wins wants to live.
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  Speaker 3: Weir Kiribilly Kiribilly House. It's the beautiful residence right on
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  Speaker 3: the edge of Sydney Harbor, looks straight across the harbor
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  Speaker 3: of the Opera House in the city. There's the Harbor
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  Speaker 3: Bridge on your on your right hand side is are
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  Speaker 3: out in the putting Green there right next door of
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  Speaker 3: the Governor General's Sydney Residents. And you know, he was asked,
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  Speaker 3: as they do on the I can't believe it's only
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  Speaker 3: a few days in. It feels like it's been going
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  Speaker 3: for bloody ever. You turn on the telly, you turn
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  Speaker 3: on the radio, there they are burbling away and so
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  Speaker 3: they're I'm one of these interminable FM interviews by Pedro.
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  Speaker 3: How are you going DUTs or where will you live?
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  Speaker 3: In your PM? Well, I think I'd like to live
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  Speaker 3: in or like to live in Sydney, or like I
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  Speaker 3: quite like Sydney have. But well Albanis is all over
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  Speaker 3: that like a cheap suit. He says, oh you know Hebrews. Well,
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  Speaker 3: it's just pathetic. I mean, can you give us some policies.
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  Speaker 3: I want to know what Dutton's nuclear pans go to cost.
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  Speaker 3: What they're both infurious agreement about today. Just to duck
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  Speaker 3: back for a moment on the tariffs that may be
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  Speaker 3: arriving tomorrow. We understand American pharmaceutical manufacturers hate the fact
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  Speaker 3: that Australian pharmaceuticals are subsidized by the government. They think,
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  Speaker 3: hang on, get rid of that subsidy because you know,
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  Speaker 3: we will make more profits. They hate the things like
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  Speaker 3: biosecurity rules that stop beef from other parts of the
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  Speaker 3: world coming in here it may be diseased. I mean, hello,
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  Speaker 3: who thinks American beef producers can produce better cows than
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  Speaker 3: Aussie So then come on Rossie cows and the best
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  Speaker 3: of the world. So look at all this stuff that's
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  Speaker 3: swirling around got, you know, and analysis today about the
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  Speaker 3: whole brand new generation of young voters who were coming through.
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  Speaker 3: They're called the gen Z's of course, and the and
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  Speaker 3: the what's the other millennials. So there's a whole swag
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  Speaker 3: of people who are going to vote for the very
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  Speaker 3: first time. And of course the right wing over here,
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  Speaker 3: the Murdoch Press, Oh it's disgrace of LB and doctor
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  Speaker 3: edit in schools and universities and they're all vote left.
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  Speaker 3: And so there's going to be a whole lot of this.
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  Speaker 3: I'm going to be neckhumus before the end of this
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  Speaker 3: election campaign. I can assure you.
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  Speaker 2: This sounds like you're already halfway there. Mary Murray, we'll
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  Speaker 2: finished with this. The Teal candidate who's got themselves on
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  Speaker 2: the spot of bother making a sexual comment to a
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  Speaker 2: hair dresser. What's this about?
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  Speaker 3: Oh, it's just weird. I mean it is significantly weird.
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  Speaker 3: She's a look, she's a Teal candidate in what's the seed?
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  Speaker 3: Is that North Sydney? Yeah? I think it maybe North Sydney. Anyway,
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  Speaker 3: she's had her hair done, and you know, with a
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  Speaker 3: young nineteen year old female printer's hairdresser, apparently, as you do,
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  Speaker 3: you get the cameras in, oh, gee, whish you you
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  Speaker 3: really looked after my hair? Thanks very much? And I
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  Speaker 3: didn't even have to sleep with you? What? What? Uh?
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  Speaker 3: What is the disconnect with just I mean, hello, it's
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  Speaker 3: as though someone's in a jam tartan and elevator and
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  Speaker 3: the doors of your shot. It's just ridiculous. Why would
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  Speaker 3: you say this?
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  Speaker 2: This a woman? The candidate's a woman, female candidate, and
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  Speaker 2: a female hairdresser.
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  Speaker 3: Female hairdresser. I mean, what's the what are you trying
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  Speaker 3: to say?
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  Speaker 2: Is she lesbian? No?
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  Speaker 4: I have no idea. I know the six preference would
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  Speaker 4: never close. You got nice hair and just been washed.
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  Speaker 4: God almighty, you wonder I'm halfway there. It's just a
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  Speaker 4: dumb and dumb comed completely unnecessary, embarrassed the young woman probably,
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  Speaker 4: and this collective intake of did you really say that?
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  Speaker 3: Yes? She did?
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  Speaker 2: Stupid stupid All right, Murray, thank you for that. We'll
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  Speaker 2: let you go have a lie down. Mary Held corresponded,
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  Speaker 2: A long way to go?
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  Speaker 3: What is it?
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  Speaker 2: Another month before the election? It's eight? Will he make it?
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  Speaker 2: That's the question.
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