The SME Stream

Last weeks OCR cut brought hope of lower interest rates but the wholesale market seems to have been spooked by the Reserve Bank ruling out further cuts.  The term wholesale interest rates have jumped in response. ASB Chief Economist told Heather du Plessis-Allan, "we certainly put the the cost of wholesale borrowing up a bit higher as a result of this." LISTEN ABOVE See omnystudio.com/listene...

In this episode of Make It Happen , Iyia breaks down the surprising truth behind why some women live in flow, ease, and abundance while others feel stuck, stressed, and constantly worried about money. And spoiler: it’s not their income. It’s their mindset. Iyia unpacks the difference between scarcity thinking and abundance thinking, why financial stress literally blocks your creativity...

The Deputy Prime Minister and Act Party leader talks about using KiwiSaver to buy a farm. Plus, he enters the age-old debate on the age of eligibility for the National Super. And - is Chris Hipkins’s capital gains tax politically palatable or a poisoned chalice? See omnystudio.com/listener for privacy information.

We got another OCR cut this week - now down to 2.25% - the lowest it's been since June of 2022.  That was the last one for the year, so a lot of us mortgage holders are trying to figure out whether things are slowing down, and if it's time to fix for a longer term this time around.  LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or p...

BusinessDesk journalist Maria Slade joins Nadine to discuss her new investigative podcast,  The Fall of the House of Du Val , which details how the company collapsed and what it reveals about the country’s investment rules. Listen to The Fall of The House of Du Val on iHeartRadio , Spotify , Apple or wherever you get your podcasts. The podcasts in the SME Stream contain general inf...

Chris Luxon says banks need to be passing on their OCR cuts to customers - and customers should be switching banks if they don't. Mortgage rates have been falling significantly, following recent OCR cuts. But the Reserve Bank says the banks still have room to move, to be cutting the rates further. The Prime Minister says [told Mike Hosking] banks should be competing for customers, and customers sh...

This week Kevin Milne wants to give a boutique business their flowers.  All Better is a toy repair business run by Janice in Te Awamutu. She specialises in fixing wooden puzzles for kids – a service Kevin was in dire need of after their dog caused a bit of damage to their vintage family puzzle.  If you’re in need of her services, you can contact her via email: jgdownhome@yaho...

Managing finances doesn’t come easily to everyone, and for some, it simply takes more time and energy than they have. So if you’re in the market for a financial adviser, how should you go about picking one? Ed McKnight has a few tips.  LISTEN ABOVE  The podcasts in the SME Stream contain general information only, not financial or professional advice. See omnystudio....

The podcasts in the SME Stream contain general information only, not financial or professional advice. See omnystudio.com/listener for privacy information.

The podcasts in the SME Stream contain general information only, not financial or professional advice. See omnystudio.com/listener for privacy information.

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina Shrimpton each week as she gives you a rundown of the biggest stories that could impact on your business, so you can make informed decisions with expert advice.  In our final episode for the year. Another cut to the official cash rate, but could this be the last in a long line of red...

The Reserve Bank has blamed the ongoing recession on an uncertain property market, prompting experts to weigh in. New Zealand has traditionally relied on housing as an engine of growth, but years of flat property prices have reportedly contributed to the ongoing economic downturn. Infometrics principal economist Brad Olsen explained further. LISTEN ABOVE The podcasts in the SME Stream contain...

The Finance Minister believes the country is in a position to grow.   The Reserve Bank believes the economy has now turned a corner after last month's 50-basis-point cut to the OCR.  It's cut the cash rate a further 25-basis-points to 2.25%, but is signalling further cuts are unlikely.  Nicola Willis told Ryan Bridge that while the data lags make things difficult, there is enough ot...

Good news for the retail sector as sales increase across the country.  Stats NZ data shows the total volume of sales increased 1.9% in the September quarter, equalling more than $470 million.  The growth was driven by motor vehicles and electronic goods, which saw the biggest boost this quarter.  Retail NZ CEO Carolyn Young told Mike Hosking the start of a new Government year may pl...

There's growing concerns from experts about the risks surrounding AI investments. Investors believe AI is at risk of forming a stock market bubble, and some analysts are worried about the risks coming home to roost. Fisher Funds expert Sam Dickie explained further. LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opin...

The Inland Revenue Department has launched some new steps in bringing down tax debt - with one scheme linked to a key credit agency. Following a successful pilot, the IRD will report more recalcitrant tax debtors to credit reporting agency Centrix. Centrix Group Managing Director Keith McLaughlin says this scheme is designed to bring down company debt at this stage, not personal debt. LISTEN ABOVE...

The Reserve Bank is addressing concerns cash is becoming inaccessible by bringing money to rural communities.   It has opened a 12-month trial of a cash depot in Hawke's Bays' Waipukurau - offering a closer site to make withdrawals. Local banks have recently closed, meaning the nearest ATM for locals is 50 kilometres away. Reserve Bank Money and Cash Director, Ian Woolford, says, currently, o...

In Leaders Getting Coffee episode 54, our guest is the CEO of  realestate.co.nz , Sarah Wood. As the real estate market starts to show some long awaited green shoots, it’s timely to have a discussion about the real estate market. As the leader of New Zealand’s only dedicated real estate portal ccompany, Sarah Wood is uniquely positioned to share her insights into the changes in th...

In the latest episode of The Business of Tech, Tracksuit co-founder and chief commercial officer Matt Herbert explains how the startup is using brand data to help marketers navigate an era of economic uncertainty, shifting consumer behaviour and AI-driven search.  “The edge that we brought to it was simplifying the fundamentals and making it incredibly accessible,” he says of Trac...

Labour Leader Chris Hipkins says he's not clear what the Government's aiming for in its plans to change local government. It's proposing replacing the country's 11 regional councils with boards made up of local mayors. Hipkins agrees there's an obvious need for change. But he told John MacDonald he thinks this looks like an attempt to make councils amalgamate. Hipkins says if that's what they want...

The Prime Minister ponders a peace deal in Ukraine, going on a farm tour with Federated Farmers, getting rid of regional councils, the OCR, KiwiSaver, the age of eligibility for National Super, whether a CGT has any political appeal, and whether Chloe is a genuine contender to be the next Minister of Finance. The podcasts in the SME Stream contain general information only, not financial ...

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.  See omnystudio.com/listener for privacy information.

The Reserve Bank Governor is leaving the job tomorrow with no major regrets about the pace of OCR cuts.  The cash rate's dropped 25 basis points to 2.25%.  Forward-projections suggest this will be the end of the current cycle of OCR cuts, with inflation expected to ease and the economy expected to recover in the new year.  Governor Christian Hawkesby told Mike Hosking they've been r...

Leaky-home experts fear a proposed overhaul of the Building Act could leave unlucky home owners - apartment owners in particular - in financial ruin. Under the new regime, liabilities are only assigned to the party responsible, and for many new buildings, a warranty will be required. NZ Herald Wellington business editor Jenee Tibshraeny unpacks the concerns further. LISTEN ABOVE The podcasts in th...

The Auckland Business Chamber believes a a surcharge cap is a reasonable compromise to an otherwise unfair rule.  In July, the Government announced its plan to ban surcharges for shoppers on methods like Paywave, forcing merchants to front the cost instead.   The business chamber says this will just force businesses to increase costs, which will be unfair for other customers.   CEO...