When the Facts Change
av The Spinoff
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At Large with Toby Manhire: Is the Reserve Bank’s blunt tool just…
At Large with Toby Manhire: Is the Reserve Bank’s blunt tool just…
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When the Facts Change, Hosted by journalist Bernard Hickey, When the Facts Change is your essential weekly guide to the intersection of economics, business and politics in Aotearoa New Zealand. Presented by The Spinoff.
When the Facts Change is currently on hiatus and is open for sponsorship. For more details, contact [email protected]
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- At Large with Toby Manhire: Is the Reserve Bank’s blunt tool just too blunt? · 36 minSince 1990 the Reserve Bank has been tasked with taming inflation independently from the government of the day. But is the tool it uses today, the official cash rate, with its…
- Going up after digging down · 27 minBillions has been spent on the construction of Auckland’s City Rail Link, largely at the cost of taxpayers and ratepayers. The current Auckland council zoning rules, however…
- To cut or not to cut? · 20 minThe Reserve Bank gets another chance to cut interest rates next week. So far 2025 has seen the RBNZ make three consecutive cuts to the official cash rate, which was widely…
- Post Covid hybrid work · 31 minMany bosses now want their workers back in the office full time, but for a while in the immediate aftermath of Covid, workers had the power to demand the flexibility to stay…
- How big do we want to be? · 32 minIt’s no secret that Aotearoa is facing a range of monumental infrastructure challenges — much has been made lately of the state of our water pipes, ferries, railways and roads…
- An abundance of energy · 34 min‘Abundance’ is the hottest word in the political economy right now all around the world. A book by Derek Thompson and Ezra Klein called ‘Abundance: How we build a better future’…
- Dissension in the RBNZ ranks · 24 minThe Reserve Bank cut the Official Cash Rate this week, as expected, but one of the six members of the bank’s rate setting committee voted to hold the OCR. That surprised markets…
- Budget special: When The Facts Change x Gone By Lunchtime · 30 minIn the year of growth, Nicola Willis has presented a growth budget. But does the Investment Boost initiative, which speeds up depreciation for businesses, promise the kind of…
- Let the Budget battles commence · 34 minFresh off a pre-Budget speech that took aim at the recent changes to pay equity, Labour Party leader Chris Hipkins joins Bernard Hickey to discuss the government’s plans to cut…
- Warmer, drier - and cheaper in the long run · 27 minIn 2010, the NZ Green Building Council introduced the Homestar sustainability certification, a framework that aims to allow designers, architects and builders to build better…
- Housing market psychology 101 · 27 minThis week, Bernard Hickey dives into the psychology of the housing market and talks to realestate.co.nz CEO Sarah Wood about why so many home sellers are holding on and simply…
- How do we create the ‘2degrees Effect’ for supermarkets, banking and electricity? · 37 minMore than half of consumer spending is dominated one way or another by a collection of monopolies, duopolies and quadropolies that generate higher prices and profits than would…
- An AI-powered startup · 32 minBernard Hickey talks to the co-founders of Christchurch-based AI start-up, Contented. Lucy Pink and Hannah Hardy-Jones tell their story from meeting over coffee and jam, to…
- The global aftermath of Trump’s ‘Liberation Day’ · 36 minDonald Trump’s bigger-and-stupider-than-expected tariffs have upended the global trading system and are threatening to create a new financial crisis. Bernard Hickey talks with…
- The green shoots and brown roots of our economy · 25 minIf New Zealand’s economy was a grass paddock, it would be in pretty rough shape. We’re coming out of a pretty bad drought (economic recession) and there’s widespread political…
- Planting the trees we’ll never sit under · 28 minFor 30 years, a little-known number in government circles has quietly stymied investment for future generations. Set by Treasury, the ‘discount rate’ was once set at 10%, and it…
- New Zealand’s greatest invention: a monetary policy framework? · 41 minBernard Hickey chews the monetary policy fat with returning guest Reserve Bank chief economist Paul Conway. Was inflation targeting (a policy framework first introduced in…
- A handy Primer for the global AI economy · 37 minThis week we dive deep into the worlds of AI, defence technology businesses and the great technological arms race between China and the US. Bernard is joined by Sean Gourley, a…
- Shock and Orr · 35 minAdrian Orr resigned as Reserve Bank Governor this week after 7 years in the job, but three years early, effective immediately and without explanation. Bernard Hickey talks in an…
- Mortgage rates, braking and accelerating · 30 minEven as New Zealand’s economy was in the depths of a recession, the Reserve Bank kept a firm grip on monetary policy, only easing up in mid-2024. This week, Bernard Hickey sits…







