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Speaker 1: So yesterday on the show, I outlined the reasons why

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Speaker 1: the Reserve Bank might not cut interest rates or lower

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Speaker 1: them by zero point two five percent, and I got

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Speaker 1: that wrong because they chopped the rate by the expected

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Speaker 1: half a percent with immediate relief for mortgage holders. What

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Speaker 1: we try to do with the Reserve Bank is now

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Speaker 1: read behind the lines and figure out what they really

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Speaker 1: mean for us in our day to day life. And

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Speaker 1: we'd like to hear that in real language. So this

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Speaker 1: is what I think they're saying. They're saying times have

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Speaker 1: been tough, but you've been sitting on that couch for

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Speaker 1: fifteen years. You wanted to replace that couch five years ago,

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Speaker 1: but everything went so crazy that you called ty hoe

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Speaker 1: until times were better. The Reserve Bank then says, well

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Speaker 1: times are better. Well, times actually are as good as

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Speaker 1: you're going to get anytime soon, So buy that couch

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Speaker 1: and please buy a New Zealand one. In this statement,

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Speaker 1: they admit there are future risks, but they promised to

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Speaker 1: keep a close iron it. But we can't just sit

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Speaker 1: in our hands. So we've got a bit of a furlough,

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Speaker 1: so let's get cracking. We can wait for us someone

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Speaker 1: to tell us what to do like a government, but

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Speaker 1: that's not the New Zealand way. We just need to

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Speaker 1: get out there and do it. We need to work

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Speaker 1: for every dollar we can find. We also need to

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Speaker 1: realize that the dollars we've got need to be in

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Speaker 1: the washing machine that is our monetary system. It helps

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Speaker 1: no one if you sit there cautiously, and I think

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Speaker 1: that's what the Reserve Bank is hoping for, that we

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Speaker 1: will loosen the strings around our purse book and spending

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Speaker 1: will increase as the year goes on, but not by

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Speaker 1: too much. Don't go crazy, just keep it all balanced. Meanwhile,

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Speaker 1: everyone's going to hope and pray that global conditions treat

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Speaker 1: us kindly. For more from Early Edition with Ryan Bridge,

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Speaker 1: Listen live to News Talks at b from five am weekdays,

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Speaker 1: or follow the podcast on iHeartRadio