The SME Stream

Over in the US, share prices have slumped after the US Federal Reserve hinted at a slower than expected pace for rate cuts in the new year. The Federal Reserve set its key lending rate in a target range of 4.25 percent to 4.5 percent - down a full percentage point since September. Fisher Funds expert Sam Dickie explains further. LISTEN ABOVE 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.

Tonight on The Huddle, Jordan Williams from the Taxpayers' Union and former Labour Cabinet Minister Stuart Nash joined in on a discussion about the following issues of the day - and more! The Government is looking to strengthen free speech at universities. Should universities be allowed to decline hosting controversial speakers? It's been a dire week for the economy - with today's GDP results revealing we're in the worst recession since 1991, excluding the Covid-19 lockdowns. Can we get back on track? Can we acknowledge some bad decisions were made by the Reserve Bank? The holidays are getting closer - is it okay to drop by a friend's house unannounced? LISTEN ABOVE 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.

People will have questions, after one of the country's worst quarterly GDP dips in decades. Stats NZ figures show New Zealand's gross domestic product crashed down one percent in the September quarter. It's put the country in the deepest recession since the Covid-driven slump in 2020. Former Finance Minister Steven Joyce says the Reserve Bank Governor, Adrian Orr, needs to speak up and explain. "I think there is some legitimate questions to be asked - I can remember, quite recently, him saying he's got it all under control and that this is going to be a soft landing. Well, quite clearly, it wasn't." LISTEN ABOVE 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.

This was a dire week for the economy - but experts say things can only go up from here. Stats NZ revealed that GDP was down 1 percent in the September quarter, and had been down 1.1 percent the previous quarter. This is the biggest drop since 1991, excluding the Covid-19 lockdowns. Despite the gloomy outlook, NZ Herald business editor at large Liam Dann says this will likely be as bad as things get before things pick up. LISTEN ABOVESee omnystudio.com/listener for privacy information.