There's uncertainty if the Reserve Bank will change tack following the revelation of New Zealand's deep recession.

Stats NZ figures out yesterday show GDP fell 1% in the three months to September.

It’s also revised the preceding quarter down to 1.1% contraction.

Former Reserve Bank Economist Michael Reddell says it did achieve its goal of bringing inflation under control.

He told Heather du Plessis-Allan he doubts they'll ramp up the size of OCR cuts next year in response to the recession.

Reddell says it's more likely they'll go ahead with a 50 basis point cut, then tail them off next year.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

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Over in the US, share prices have slumped after the US Federal Reserve hinted at a slower than expected pace for rate cuts in the new year.

The Federal Reserve set its key lending rate in a target range of 4.25 percent to 4.5 percent - down a full percentage point since September.

Fisher Funds expert Sam Dickie explains further.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.

Tonight on The Huddle, Jordan Williams from the Taxpayers' Union and former Labour Cabinet Minister Stuart Nash joined in on a discussion about the following issues of the day - and more!

The Government is looking to strengthen free speech at universities. Should universities be allowed to decline hosting controversial speakers?

It's been a dire week for the economy - with today's GDP results revealing we're in the worst recession since 1991, excluding the Covid-19 lockdowns. Can we get back on track? Can we acknowledge some bad decisions were made by the Reserve Bank?

The holidays are getting closer - is it okay to drop by a friend's house unannounced?

LISTEN ABOVE

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.