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Gaspy director Mike Newton says he expects the price of fuel to drop at an accelerated rate with the new peace deal.
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The US-Iran peace deal has brought down oil prices and eased some inflation fears. Liam Dann and Tamsyn Parker discuss what that means for Kiwi wallets, the outlook for interest rates, and whether New Zealand's long-awaited recovery might finally be gaining momentum.
Plus, what can we learn from Switzerland's debate over immigration and population growth?
The Economy of Everything is brought to you by CMC Markets.
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Oil futures are sticky at US$80 a barrel for the rest of the year, and central banks will be watching what we spend and charge, closely.
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The deal could reshape NZ's economy
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Fuel is a major cost-line for businesses and any easing of geopolitical tension could give markets some breathing room. Mohandeep Singh - Craigs.
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Tom Filmer of Dashr tells Herald NOW Business how the startup aims to simplify finances with an inflation tracker.
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The Bay of Plenty could be seeing the light at the end of the economic tunnel.
ASB's Regional Economic Scoreboard shows the Bay's reclaimed first place after a strong kiwifruit season.
Canterbury's runner up, Otago third and the West Coast last.
Tauranga Business Chamber chief executive, Matt Cowley, says innovation follows money and there's a lot of innovation in the area.
"Even the construction industry - that's usually our biggest contributor to GDP, so when that takes off...we really will be sailing."
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From collecting bottles for pocket money in small town South Canterbury to advising governments at the IMF, Westpac chief economist Kelly Eckhold has spent a lifetime thinking about how economies work. He joins Money Talks to discuss inflation, productivity, inequality and why New Zealand's biggest challenge may not be how we divide the pie, but how we grow it.
Money Talks is brought to you by CMC Markets
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News of a peace agreement to be signed this between Iran and the US is prompting optimism about fuel prices and the global economy, but the Finance Minister is staying cautious.
Both sides have agreed a deal, to be formally signed in Switzerland on Friday - and it's understood the the Strait of Hormuz will reopen and 60 days of nuclear negotiations will commence.
Nicola Willis says there's been breakthroughs followed by backsliding over the last few months as the conflict continued.
"I'm steeled for possibly bad news, but hopeful this is going to stick because we've already seen the global oil price come down pretty significantly as a result, and I'd love to see it keep coming down."
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AngelHQ co-founder Suse Reynolds tells Herald NOW Business about backing the next big start ups
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