Perspective with Heather du Plessis-Allan: Was Kiwibank's Jarrod Kerr proven right?

The longer that this economic funk that we find ourselves in goes on, the more that Jarrod Kerr of Kiwibank is being proven right, isn't he?

And we had a cut today - it was 25 basis points down to 3 percent - and now there's the expectation that we will maybe get down to 2.5 percent before this thing bottoms out.

2.5 percent is where Jarrod Kerr has been saying for months that we need to get to.

Mike's Minute: The Reserve Bank didn't inspire me

Call me superficial, but to watch the Reserve Bank heavyweights lined up, as I did Wednesday post their cash rate decision, I did not see dynamism.

These people outwardly do not fill you with any sense of excitement.

The Reserve Bank is in a spot and, as a result, so are we as a country.

Perspective with Heather du Plessis-Allan: There's a gloomy note in the Reserve Bank decision

I don't really want to have to start on a bum note, but if there is a thing that we do on the show, it's honesty. So let's be honest about it.

What the Reserve Bank decision told you today is how much trouble our economy is in. If you're in business, you already know this and you don't need me to tell you this.

Dr Oliver Hartwich: Rate cuts mask New Zealand’s productivity crisis

Last week, the Reserve Bank of New Zealand cut the Official Cash Rate by 50 basis points to 4.25 percent. In contrast, the RBA kept Australia’s cash rate on hold at its last meeting.

But what lies behind the RBNZ’s headline monetary policy move? The answer reveals deeper questions about New Zealand’s economic future that monetary policy alone cannot fix.

Michael Reddell: Central bank policy communications

For a long time I’ve been a strong supporter of central bank transparency about stuff a central bank actually knows something about, but a sceptic of the faux transparency of publishing stuff a central bank really knows very little about. In the former category, one might think of the background papers going to the MPC (by aiming deliberately low I once got them out of the Bank for a forecast round 10 years previously, but good luck if you asked now for the papers around the 2020 and 2021 decision-making, let alone those from six months ago).

Professor Robert MacCulloch: Here's Proof that Governor Orr Mislead Parliament's Finance & Expenditure Committee about the OCR Cut.

Yesterday there was a commotion about the unexpected cut in interest rates by the Reserve Bank. It marked a departure from the Bank’s statements a few months ago in May, when it raised the possibility of further hikes. Infometrics Chief Brad Olsen had previously said “heads should roll” if a cut happened this week, given the economy had progressed much as the Reserve Bank was expecting when it forecast no cut until 2025. So when a cut was delivered this week, Olsen accused the Bank of the ‘biggest flip-flop ever’.

Mike's Minute: You can't trust Adrian Orr

The great crime out of Adrian Orr's move is you can't trust him.

A central bank is supposed to get the economy and he and his committee clearly don’t.

Don’t get me wrong - what he did was the right thing. A lot of people think it was the right thing.