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Podcast: The Mike Hosking Breakfast
Episode: Mike's Minute: Here’s what the Reserve Bank have to do today
Description: I would have thought the NZIER numbers yesterday sealed the deal for the Monetary Policy Committee and today's call. The NZIER was the last substantive look at the economy, and what it shows is we have real trouble. Quite possibly recessionary trouble. They think Q3 was certainly flat, if not in contraction. If it is contraction, you can add that to the Q2 contraction and that, once again, is a recession. How many of these do we want? In the Reserve Bank's case how many do they want, given they can actually do...