The Reserve Bank has today raised the Official Cash Rate by 25 basis points - taking it to 5.5 per cent.
RBNZ still sees 5.5 per cent as the peak for OCR and anticipates cuts from the third quarter of 2024.
The Kiwi dollar dropped by half a cent against the US dollar following the announcement.
NZ Herald Business Editor-at-Large, Liam Dann, joined Simon Barnett and James Daniels Afternoons for to give his reaction to the announcement.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
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
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!