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Speaker 1: Can I suggest Jared Kerr for Governor of the Reserve

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Speaker 1: Bank Jared's Kibibanks chief economists. Now, he's been completely consistent

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Speaker 1: in his ongoing commentary around the interest rate cuts and

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Speaker 1: the reserve banks need to do more and to be fair. Actually,

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Speaker 1: our own Greg Smith at Devon has told us and

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Speaker 1: argued a similar sort of story over the last few months. Now.

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Speaker 1: The Kiwibank Economic report that got a decent amount of

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Speaker 1: coverage over the weekend is Jared's proof positive that he

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Speaker 1: is right and Adrian and Christian have been and are wrong.

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Speaker 1: As long as they continue to be myopic and look

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Speaker 1: at nothing but inflation, they can argue one, it's in

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Speaker 1: the band, even though it's dangerously close to not being

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Speaker 1: and will most likely breach it this year. And two

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Speaker 1: this ongoing but increasing false idea that they have cut

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Speaker 1: enough already and the efforts of that will flow through eventually.

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Speaker 1: See here's the problem. We're virtually in August and the

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Speaker 1: twenty twenty five, the latter part of this year that

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Speaker 1: was supposed to be lift off is nothing of the sort.

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Speaker 1: In the Kiwibank report confirms it. It tells us what

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Speaker 1: we already know Obviously, the further south you go in

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Speaker 1: this country, the better off it is. But here's the

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Speaker 1: real news. Even in the best, most lucrative, optimistic part

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Speaker 1: of the country i e. Otago and Southland, you only

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Speaker 1: get five out of ten. That's your top score. Five

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Speaker 1: out of ten. A half mark is as good as

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Speaker 1: it gets. The rest of the country is miserable. Are

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Speaker 1: there science, Yes, but how long do you want to

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Speaker 1: squeeze the economic lemon? Looking for juice, dairy meat, kiwi fruit,

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Speaker 1: all the stuff we've talked about and celebrated. It's not

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Speaker 1: only doing the heavy lifting, it's doing almost all the lifting.

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Speaker 1: Tourism is there in Otago, Central, Otago Shore, but it

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Speaker 1: is still only eighty six percent of what it was

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Speaker 1: six years ago. Confidence hard to find. Foreigners still can't

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Speaker 1: buy a house when they invest millions. And for every

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Speaker 1: dollar you get from lower interest rates, you're going to

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Speaker 1: pay two dollars more for your power, for your insurance,

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Speaker 1: for your rates, which have become the new version of

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Speaker 1: highway robbery. The economy needs help. It needs a major enthusiast,

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Speaker 1: It needs a circuit breaker, and the Reserve Bank and

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Speaker 1: their view and actions are potentially it. Jared sees it,

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Speaker 1: Greg sees it, John Key sees it. He wants a

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Speaker 1: full one hundred basis points. But until any one of

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Speaker 1: them is the governor, we rely on Christian and his committee,

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Speaker 1: and that is where the real problem lies. For more

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Speaker 1: from The Mic Asking Breakfast, listen live to News Talk

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Speaker 1: Set B from six am weekdays, or follow the podcast

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Speaker 1: on iHeartRadio.