Latest / Best of Business / Barry Soper: ZB senior political correspondent on the impact of the latest OCR cut

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Barry Soper: ZB senior political correspondent on the impact of the latest OCR cut · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talks be follow
• 0:12
  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Barry Soper, Senior Political Correspondence with US Now Hey Barry,
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  Speaker 2: Good afternoon, Heather. The government will be stoked at that
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  Speaker 2: official cash rightcut right, Well.
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  Speaker 3: Yes it will be. I mean they'd be on tenterhooks
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  Speaker 3: waiting for this, and it's the first cut since March
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  Speaker 3: twenty twenty, so it's a hell of a long time.
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  Speaker 3: In recent months, economic data shows that inflation is under
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  Speaker 3: control or coming under control, unemployment is rising and economic
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  Speaker 3: growth is stalling, which is the downside to it. But
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  Speaker 3: both Chris Luxen and Nicola will has faced the press
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  Speaker 3: gallery at Parliament a short time ago and the first
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  Speaker 3: question that was asked of them was they seem to
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  Speaker 3: be taking all the credit when in fact this was
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  Speaker 3: the Reserve banks decision. Well, that put them on the
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  Speaker 3: front foot.
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  Speaker 4: And we've stopped adding costs on businesses that push up
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  Speaker 4: is like the ute tax and the Auckland Regional fuel
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  Speaker 4: tax and landlord taxes like interesteductibility and bright line. We've
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  Speaker 4: also reduced economic bottlenecks and cut red tape by restoring
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  Speaker 4: ninety day trials and abolishing mandatory union bargaining and fixing
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  Speaker 4: the triple CFA and support of that fiscal discipline and
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  Speaker 4: economic plan. Inflation is now tracking down fast, down to
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  Speaker 4: three point three percent from seven point three percent, which
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  Speaker 4: is the lowest in three years.
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  Speaker 5: The cost of living crisis that New Zealand has endured
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  Speaker 5: has been characterized by high inflation and high interest rates.
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  Speaker 5: So today Marx an important milestone and beating both those beasts.
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  Speaker 3: And the point that Nicola Willis made was that if
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  Speaker 3: inflation wasn't coming down, then they would be blamed for it.
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  Speaker 3: So you can't win sometimes, can you. You know? I
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  Speaker 3: think they have set the scene when you think of
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  Speaker 3: the inflation the way the way it was fueled by
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  Speaker 3: excess borrowing and money being shelled out by the last
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  Speaker 3: labor government.
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  Speaker 2: Arry the boot camps are one as a fortnight and
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  Speaker 2: one kid is lead. How much longer ago in the
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  Speaker 2: trump Oh?
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  Speaker 3: I think it's three months? Three months? And I thought
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  Speaker 3: the Children's Minister Karen Shaw was actually quite wise today
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  Speaker 3: putting out a statement and admitting that one had pulled
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  Speaker 3: out and obviously this kid was causing trouble for his
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  Speaker 3: fellow participants. They say that it was in his best interest,
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  Speaker 3: his fun OL's best interests and the other participants. Now,
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  Speaker 3: what does that tell you? Ready? Between that line that
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  Speaker 3: is that he was obviously a stir and he is
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  Speaker 3: better off our Exactly what I love is, though, is
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  Speaker 3: what they have to get up to in the morning.
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  Speaker 3: These young people, they have to they have a set
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  Speaker 3: morning routine, starting with breakfast, shower and military style drills.
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  Speaker 3: Daily hygiene routines such as ensuring their rooms are clean,
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  Speaker 3: clothes are ironed, and taking pride in their presentation. I
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  Speaker 3: think it's fantastic. How old are these kids?
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  Speaker 2: Seventeen around seventy?
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  Speaker 3: Look, I remember being in police School at TRENTAM when
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  Speaker 3: I was around the same age. We had the same
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  Speaker 3: requirements on us and I'll tell you what, if you
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  Speaker 3: didn't do it, you get a swift boot up the back.
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  Speaker 2: So have you ever picked up an iron before you
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  Speaker 2: went to police college?
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  Speaker 4: Oh?
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  Speaker 3: Yes?
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  Speaker 2: Okay, Well, I just think modern kids won't have.
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  Speaker 3: Well, they probably don't know how, and it's.
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  Speaker 2: Not a reflection of whether they're naughty or not.
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  Speaker 6: I think I just think we spoil a little buggers
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  Speaker 6: now clothes, Speaking of which we're going to start the
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  Speaker 6: ironing tomorrow.
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  Speaker 2: Okay, so Luxeon's off to Australia tomorrow. He has been
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  Speaker 2: over a few times now, isn't He.
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  Speaker 3: Has been over, but this is his first official visit,
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  Speaker 3: so you know, they make a big deal of this.
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  Speaker 3: He'll on Friday go to Canberra after going to Sydney tomorrow,
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  Speaker 3: and he'll be talking a business essentially in Sydney and
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  Speaker 3: then going off to have a chat with Albanezi, who
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  Speaker 3: he says as an old friend. And of course he
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  Speaker 3: will be speaking slowly and in monosyllabic English. I would imagine,
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  Speaker 3: although keeping it simple, should take a sign language person
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  Speaker 3: over with him, although the accents might get confused, as
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  Speaker 3: he did. But what I want and as my bug bear,
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  Speaker 3: and of course it won't happen, is.
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  Speaker 2: The vitations to stop. It's not going to happen.
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  Speaker 3: Well, you know, since they've come how I was going
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  Speaker 3: through the crimes that these people have committed, well over
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  Speaker 3: three thousand now have come out of Australia. Some of
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  Speaker 3: them have no association with New Zealand just and seemed
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  Speaker 3: to present it when she met with Scott Morrison as
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  Speaker 3: though the situation was about to be basically made more humane.
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  Speaker 3: But in fact they've tightened up and you've got that
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  Speaker 3: fellow Peter Dutton. He referred to the deportees you'll remember
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  Speaker 3: as trade they are, Barry, well, some of them are.
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  Speaker 2: I don't want them either.
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  Speaker 3: Well, no, we don't want them. But you know these
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  Speaker 3: people some of them went there as can I get
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  Speaker 3: that many?
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  Speaker 6: You can hardly like I tell you what if this
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  Speaker 6: was news, if it was New Zealand, you'd be wanting
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  Speaker 6: to toss to No.
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  Speaker 3: I think we have to. I think you have to
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  Speaker 3: take some responsibility. It's like a parent taking some responsibility
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  Speaker 3: for your children. These people were born and brought up
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  Speaker 3: or not born, but brought up in Australia and learned
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  Speaker 3: all their bad time.
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  Speaker 2: I'm glad you didn't become a cop because you would
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  Speaker 2: have been a soft one. Actually, I've got a real champion.
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  Speaker 3: I would have been the commissioner then.
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  Speaker 6: Absolutely you and Andy. I've got a champion heading our way.
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  Speaker 6: Five oh one, Deputy. I'll tell you about later, Barr.
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  Speaker 6: We'll do it probably in the next hour or so.
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  Speaker 6: Barry So for senior political correspondent.
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