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Speaker 1: Barriso Per senior political correspondence with US.

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Speaker 2: Hello Barring, Good afternoon, Heather.

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Speaker 3: Okay, so what do you make of the Reserve Bank

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Speaker 3: reviewing the capital requirements. Well, look, there've been calls for

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Speaker 3: this for so long now. It was Adrian orr that

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Speaker 3: pushed it through in twenty nineteen against all advice, and

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Speaker 3: of course banks say that they're charging higher mortgage interest

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Speaker 3: rates as a result. At the moment, large banks have

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Speaker 3: to hold thirteen and a half percent of what they

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Speaker 3: call risk weighted assets in capital. Now that'll rise, according

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Speaker 3: to the ore recipe, to eighteen percent by twenty twenty eight.

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Speaker 3: Smaller banks that are eleven point five rising to sixteen percent.

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Speaker 3: So you know, there's a lot of capital being held,

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Speaker 3: and the financial institutions here, as we know, are very

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Speaker 3: very sound, and that's one thing that we can be

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Speaker 3: happy about. It was interesting today that Chris Luxon, i'd

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Speaker 3: know whether you heard him this morning, talking about having

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Speaker 3: a meeting with the Reserve Bank in advance of the

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Speaker 3: ocr being announced. Now that is commonplace. A lot of

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Speaker 3: the media has said, well, this is terrible. There's the

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Speaker 3: independence of the Reserve Bank. Well, prime ministers and finance

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Speaker 3: ministers have for a very long time met with the

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Speaker 3: Reserve Bank, who have told them what the official case

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Speaker 3: rate will be. The decisions already been made by the

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Speaker 3: time they meet with the politicians. This is how Chris

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Speaker 3: Luxen sees his conversations with the central banker. Before those

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Speaker 3: ocr meetings or announcements are made.

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Speaker 1: We will share our respective observations and views on the

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Speaker 1: economy and what we're respectively seeing coming at it from

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Speaker 1: slightly different takes a fiscal sense and also a monetary sense,

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Speaker 1: and those engagements I've always found very productive, very constructive.

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Speaker 1: Occasionally they're robust as we give our different views on things.

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Speaker 1: But equally the Reserve Bank always has insight that I

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Speaker 1: think is incredibly valuable for me to hear their perspective

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Speaker 1: as well, and that's why I appreciate those conversations. But

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Speaker 1: I want to be under noahu, I do not direct

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Speaker 1: the Reserve Bank. The Reserve Bank independence as sacriscinct.

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Speaker 3: The problem with Chris Luxen was that maybe he went

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Speaker 3: too far. He said in response to a question from

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Speaker 3: the host that in fact he would have cut by

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Speaker 3: fifty basis points, and perhaps that's taking it too far,

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Speaker 3: because the independence of the bank has to be preserved.

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Speaker 3: It's a fair point. Is act going to be able

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Speaker 3: to get this end of Life Choice Act changed? Well,

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Speaker 3: it has to be a private members bill because it's

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Speaker 3: a conscience vote. And Todd Stevenson, the Act MP, he's

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Speaker 3: going out talking to politicians around the House trying to

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Speaker 3: get their support for it. Like I said, it's a

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Speaker 3: conscience vote. Interestingly, if you look at the figures from

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Speaker 3: the year that the assisted death started in November twenty one,

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Speaker 3: two hundred and fifty seven assisted deaths took place in

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Speaker 3: that year. That had grown a year later to six

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Speaker 3: hundred and seventy. From April twenty three to twenty four,

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Speaker 3: three hundred and forty four had their lives taken in

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Speaker 3: that year. About two and a half thousand people have applied. Now,

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Speaker 3: what they're saying, what Todd Stevens is saying, is the

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Speaker 3: Act should be changed so there's no longer that six month.

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Speaker 2: The nob dying in six months that.

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Speaker 3: You've got to have it from a physician that you're

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Speaker 3: going to die with well, because the hell knows. Also,

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Speaker 3: some people are living with such debilitating conditional size that

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Speaker 3: will never kill them, but which are so miserable to

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Speaker 3: live with that they don't want to. Well, it's an

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Speaker 3: undignified live and what this is all about is what

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Speaker 3: they talk about is dignified, being dignified in death and

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Speaker 3: people that do suffer the way you've outlined. I mean,

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Speaker 3: why should they not be able to decide to take

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Speaker 3: their own line.

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Speaker 2: And see which way you would vote for you in

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Speaker 2: the parliament.

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Speaker 3: Well absolutely, Now what about the early voting and the

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Speaker 3: Tamakimikodo sects. It's opened today, so the ballot booths are out.

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Speaker 3: I keep saying it every time I see I think

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Speaker 3: of Tyrant. I'm sure that's right. Yeah, he's it's a

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Speaker 3: race between him and the broadcaster are really Copra. But

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Speaker 3: we've got the a couple of other people there as well.

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Speaker 3: You've got Bishop Tomoky's wife Hannah, she's in the race

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Speaker 3: as well. But look, people can enroll on any day

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Speaker 3: up to including voting day because the rules haven't been

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Speaker 3: changed yet. So I didn't go along. But they can't

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Speaker 3: change their electorate and they should remember that. They can't

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Speaker 3: turn up and say, now this is Tommocky maccoulda to

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Speaker 3: Malory seat. I want to be on the Maldi roll now.

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Speaker 3: But you can't do that in an advance do you

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Speaker 3: think it would be.

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Speaker 1: Do you think it would be early on set with

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Speaker 1: you just out to measure.

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Speaker 2: I think that is just graceful, laugh about things like

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Speaker 2: I've heard you time and time again call people the

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Speaker 2: wrong stage. I'm sorry, Yeah, I just you listeners, bond

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Speaker 2: Barde you for that.

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Speaker 3: That's Senior political Correspondence.

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