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21 Jun 2024 12:58
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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

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     Top Stories

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    Praise for a sevens player returning to the Olympics after a harrowing three years More...


    BUSINESS BUSINESS
    Resource management is always political – the Fast-track Approvals Bill is just honest about it More...



     Today's News

    Living & Travel:
    'It's never like this': Chaos unfolds at livestreamer's giveaway event, as arrests and injuries ensued 12:47

    Entertainment:
    Taylor Swift bravely extinguished a fire in her New York apartment 12:46

    Rugby:
    Praise for a sevens player returning to the Olympics after a harrowing three years 12:27

    Entertainment:
    Shannen Doherty is requesting ex Kurt Iswarienko pay spousal support and her attorney fees for their divorce 12:16

    Law and Order:
    Former executives of the Mega Upload online platform have been prohibited from being company directors until June 2028 11:57

    Entertainment:
    Kristin Cavallari "never lied" about getting breast implants 11:46

    Living & Travel:
    Metlink has spoken about its handling of the public transport system during sporting events in Wellington 11:27

    Business:
    Resource management is always political – the Fast-track Approvals Bill is just honest about it 11:17

    International:
    Euro 2024 five quick hits: England, Harry Kane disappoint in Denmark draw, Serbia threatens boycott over racist chants, Spain advances past Italy 11:17

    Entertainment:
    Justin Timberlake claimed he had "one martini" after being arrested for driving while intoxicated 11:16


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