Nicola Willis

speaker

1,507 appearances 29 recordings 3 series first heard Apr 2026 last heard 3d ago

Nicola Willis’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Jul 2026 with 7.

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We did get four weeks under $3.

They ticked up again last week.

Treasury, based on oil futures markets last week, said they could last above this point for a

Prices are now coming down again globally.

So if we see the price go under $3 in New Zealand again, which I really hope will happen, please, Donald Trump, can you assist that to happen?

Then I will bring advice back to Cabinet.

So we're keeping this under active review.

We've always intended they would be temporary payments.

That remains the intention.

But as Kelly Echold has said this morning, essentially where we are is being pragmatic.

We're basing our decisions on the data in front of us and it is too soon to declare sustained stabilisation.

Well, the trigger that Cabinet has agreed is if it goes under $3 again, we think that would be reason to come back to Cabinet.

At that point, we'll also have the futures data.

If you've seen the oil price come down significantly, you'd expect that to continue.

And so that will have a bearing on Cabinet's decision at that time.

I think it's important to note, once we remove these supports,

The only way they can go back in with legislation is so that's not a practical thing to do.

So we want to be sure once we've taken this off that we're ready to stick with that.

Yes, but their response was massive, untargeted, and cost billions of dollars more than ours did.

So I stand by our response, which is temporary, is targeted.

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