Full Show Podcast: 09 July 2026
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What is the main topic discussed in this episode?
No fluff, just facts and fierce debate. The Mike Hosking Breakfast with Aveda Retirement Communities. Life your way. News Talk ZB. Good morning and welcome. Today Nicola Willis and Anna Braman on the state of the place. Boom times for our gaming sector as exports continue to grow. Luke Jacobson from the All Blacks ahead of Italy. Catherine's in France, Amber's in Britain. Welcome to the day, seven past six. Now, you can't bag the Monetary Policy Committee. I mean, well, you can, but in this case, you'd be fairly churlish.
What did Mike Hosking say about the Reserve Bank OCR decision and economic outlook?
Personally, I would have held, but given the vote was done by consensus, I clearly would have been a lone voice in that room. Three hikes are coming, possibly, they say. They think we may get them every other meeting. We'll end up with a cash rate of about 3.25. If you want glass half full... Look at Australia. Their cash rate's well into the fours and inflation's far from over. And that's before I get to the upcoming job issues, not to mention the property correction. But back to us. Inflation is why they're hiking and will continue to hike. But, big but, surely there's an argument that says it's not as bad as we feared. And not just that, it's peaked. And it's trending down, down to exactly where it needs to be.
And besides, a lot of the inflation remains council rates and cost plus accounting from power prices. The taxpayers union blamed the government yesterday, which is a very Australian sort of argument, but it's not applicable here. The government has an operating budget of 2.1 billion. I mean, it's anemic. We are 3 billion better off as the latest figures showed us this week than we thought. The government is not blowing out inflation. But the main reason I would have held is the psychology of pulling the trigger too soon. We are fragile. New Zealanders love a funk and we've been in a funk and we don't need misery merchants. The bank are clinical, you see, which in part is their job, I guess. But a good part of any economy is the psychology of it, the vibe of it, the mood of it.
We need help on the mood. We need a lesson on how to get on with it. We need to be encouraged. A rate hike doesn't do that. Look, it's not a disaster. It's not even a bad mistake. It's probably just an unwelcome attitude driven by a number of wonks, not empaths, who could have been a bit more generous. New Zealand is on the move again. The bank says 25 points doesn't hinder that. I'm not convinced they're right. News of the world in 90 seconds. Now he's seen the full Trump overnight. Boy, Iran is scum. He's cancelled trade with Spain because they're terrible. NATO sucks. Greenland needs annexing and the ceasefire's over.
We may take over Cargill. There's not a thing they can do about it. But I said don't hit the pipes, just hit everything else. And they hit it. They may hit it again tonight. Normally I'm not that way. But they really deserve it.
Starmer wasn't thrilled. What's really important now is, notwithstanding the challenges, that we all focus on getting back to that ceasefire, pulling together the coalition that the French and the UK are leading on in relation to reassurance is very important. Ah, but who cares about him?
Because NATO's all in. If you could have seen the respect and the love in the room, and it's love really for the country, for our country. I don't want to say me, because you'll say, oh, he's so conceited. He's such a conceited person. But they do. I mean, you know, they like the job I'm doing. They said, we love, sir, we love you.
It's the full mental. It didn't end there, but I'll come back to that. Meantime, in Britain, several things. Firstly, Farage is chasing August 6th for that by-election. He's all over the campaign. Now would appear from the media pylon and from the political party pylon, I'm being painted out, frankly, as being a crook. The Conservatives got over 30,000 votes here in 2019. They don't want to stand. You know why? Because they'd lose and lose badly. Then the Southport Inquiry. This was the Taylor Swift party killings two years back. They've accepted all recommendations of part one, which basically said systemic failure was everywhere.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–0:28
2
What did Mike Hosking say about the Reserve Bank OCR decision and economic outlook?
0:28–6:18
3
How did markets and global events react after the OCR rise and NATO summit?
6:18–18:43
4
How did Shore & Partners explain the RBNZ statement and future OCR path?
18:43–55:13
5
Why is New Zealand's game development sector booming and how do rebates work?
55:13–1:30:20
Speakers
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