Sir John Key: Former Prime Minister on the GDP contracting 0.9%

Sir John Key says the Reserve Bank deserves much of the blame for the latest sharp drop in GDP.  Our economy's contracted 0.9% in the June quarter.  The Government says international turmoil and uncertainty over tariffs have driven the fall, which was much larger than expected.  Key told Mike Hosking the OCR was also a major factor.  He says two months ago he was criticised for calling for the OCR to come down 100-basis points, but that will probably now happen by Christmas.  LISTEN ABOVE See omnystudio.com/listener for privacy information.