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16 Jun 2024 15:21
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  •   Home > News > Business

    The Reserve Bank governor says the Monetary Policy Committee spent considerable time discussing the possibility of hiking the Official Cash Rate

    The Reserve Bank governor says the Monetary Policy Committee spent considerable time discussing the possibility of hiking the Official Cash Rate


    It has again held the Official Cash Rate at 5.5 percent -- where it's been for a year.

    Inflation has fallen to four percent -- but is still above the target of a one to three percent band.

    Adrian Orr says talk about hiking the OCR is real.

    He says the disappointing thing is how stubborn domestic inflation remains.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     14 Jun: Experts say thousands of home owners face property value loss due to new flood modelling. In Melbourne, the process has begun
     14 Jun: Fruit and vegetable prices have dropped dramatically
     14 Jun: It keeps getting harder to find a job
     14 Jun: Ongoing industrial action is expected to affect those heading to tonight's Blues vs Brumbies Super Rugby semi-final at Auckland's Eden Park
     Top Stories

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    The Silver Ferns will travel to Perth later this year as part of netball's Constellation Cup series More...


    BUSINESS BUSINESS
    Auckland Transport's recommending customers catch rail replacement buses or regular buses as train services will be very limited today More...



     Today's News

    Golf:
    Bryson DeChambeau has emerged from the pack with a three-under-par 67 to claim the third-round US Open lead at Pinehurst 14:58

    Swimming:
    US swimmer Gretchen Walsh breaks world record to put Australia on notice following Paris Olympics trials 14:17

    Cricket:
    A sluggish finish to their time with the bat, but Scotland's posted an imposing 180 for five 14:07

    Accident and Emergency:
    A motorcyclist's been airlifted to hospital in a critical condition following a crash in Aorangi, east of Feilding 13:47

    Law and Order:
    Police have launched a large search and rescue operation for missing Te Atatu woman, Monica Reid 13:27

    Living & Travel:
    Kate Middleton attends Trooping the Colour, making her first public appearance in months 13:07

    Politics:
    Eight Israeli soldiers and 19 Palestinians killed as fighting continues in Rafah 13:07

    Rugby:
    The Silver Ferns will travel to Perth later this year as part of netball's Constellation Cup series 13:07

    International:
    Punks among grassroot groups providing hope as millions struggle with hunger in Myanmar 12:47

    Environment:
    The upper North Island is in the firing line for more messy weather 12:27


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