Perspective with Heather du Plessis-Allan: Was Kiwibank's Jarrod Kerr proven right?

Best of Business · Aug 20, 2025 · 2m · transcript

The longer that this economic funk that we find ourselves in goes on, the more that Jarrod Kerr of Kiwibank is being proven right, isn't he?

And we had a cut today - it was 25 basis points down to 3 percent - and now there's the expectation that we will maybe get down to 2.5 percent before this thing bottoms out.

2.5 percent is where Jarrod Kerr has been saying for months that we need to get to.

But even though he's been saying it since at least September last year, if not earlier, the Reserve Bank has only just caught up with him. Up til now, they've been talking about 2.75 percent, 3…