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Best of Business

Newstalk ZB
Best of Business
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  • Paul Bloxham: HSBC chief economist ahead of tomorrow's expected cuts to the OCR
    The Reserve Bank is set to deliver their final Monetary Policy Statement for 2025 tomorrow, and reports indicate the OCR will be cut further. Economists are widely expecting the OCR to drop 25 basis points to 2.25 percent - with room for further cuts down the line. HSBC chief economist Paul Bloxham speculated further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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  • Jamie Mackay: The Country host on Fonterra lowering their farmgate milk prices
    Fonterra's forewarning farmers falling global dairy prices could hit their bottom lines. The dairy co-op recently cut its seasonal farmgate milk payout midpoint forecast - from $10 to $9.50. It paid out $10.16 last season. The Country's Jamie Mackay explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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  • Shane Solly: Harbour Asset Management expert on what the markets are projecting ahead of RBNZ announcement
    The Reserve Bank is set to make an announcement this week, and experts are expecting at least one more cut to the OCR. Markets are projecting the OCR will be cut down to 2.25, and they've priced it in accordingly. Harbour Asset Management's Shane Solly explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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  • Simon Bridges: Auckland Business Chamber CEO on the reports claiming business confidence is on the up
    New surveys show Auckland business confidence is on the up, with reports indicating businesses are feeling less pessimistic ahead of the new year. Auckland Business Chamber CEO Simon Bridges says the latest November survey shows the city isn't 'out of the woods' but it's no longer 'stuck in the darkest part of the forest'. Bridges says there's room for the economy to improve, but the OCR's coming down and farmers are making more money - and things are feeling more hopeful. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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  • Perspective with Heather du Plessis-Allan: Why is Air New Zealand chasing their customers away?
    Let's talk about Air New Zealand. Look, if I was Air New Zealand, I would feel pretty beaten up after the weekend's opinion pieces. Bruce Cotterill wrote a piece in one newspaper complaining that if Air New Zealand want to charge as much as they do, then they have to do the job better and be on time more often. And then, Sam Stubbs wrote a piece in another newspaper telling them to stop overcharging domestic travellers. Now, I cannot explain the timing. I can't explain why both those guys wrote harsh pieces about the same airline on the same weekend. But what's weirder about it is that I almost did exactly the same thing. I almost had a bit of a rant about Air New Zealand myself this weekend, because I had to pull out of an event on account of their ticket prices. What it was is the husband and I were planning to go to a thing in Wellington. We started doing all the organizing, had the babysitter covered, organized to work out of Wellington for the day - and we went to book the flights and saw the flight prices. It was pretty close to $1000 return per person, and I could not justify that. That is ridiculous. Now, I don't have a problem, as I've said 1000 times to you, with Air New Zealand making as much money as it wants to. I wanted to make money, I'm a shareholder - and we all are shareholders through the Government. It does have to balance that with customer loyalty though, because Air New Zealand is now so overpriced that I cannot justify using it. For the first time in my working life, I don't have Koru anymore, I cannot justify the expense. And while I have the same problem as Bruce Cotterill, I don't want to fly Jetstar out of loyalty to Air New Zealand. But I reckon, give it a year. Because I reckon this time next year, I'm going to be flying Jetstar. The flight from Auckland to Wellington on Air New Zealand for the event was $500 per person, just one way, right?Auckland to Wellington, $500. The same flight on Jetstar at a better time was about $150. That's Air New Zealand's problem right there, they're chasing their customers away. One day, they're gonna wake up - and they don't realize it now - but they're gonna be surprised at how popular Jetstar is and they're gonna regret the fact that heaps of us tried out the orange bird and found it's not that bad. And Air New Zealand will want us back and struggle to get us back. And maybe the reason that Bruce and Sam - and maybe even me - criticized Air New Zealand on the same weekend is that we're only saying what everybody's already thinking. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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About Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.
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