All Episodes

May 24, 2023 3 mins

Some good news, and some bad news, from the Reserve Bank.

The central bank has hiked the Official Cash Rate by a further 25 basis points to 5.5 percent.

But it's also indicated no further hikes are likely, before the OCR starts coming down towards the end of next year.

Weakening is already being felt in the retail sector, where new figures show spending is continuing to slide.

Retail NZ Chief Executive Greg Harford told Kate Hawkesby the OCR hike will push spending down even further.

LISTEN ABOVE

 

 

See omnystudio.com/listener for privacy information.

Mark as Played

Advertise With Us

Popular Podcasts

Las Culturistas with Matt Rogers and Bowen Yang

Las Culturistas with Matt Rogers and Bowen Yang

Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.

Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

24/7 News: The Latest

24/7 News: The Latest

The latest news in 4 minutes updated every hour, every day.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.