OCR

Bank unleashes unprecedented 75 basis point rate hike, forecasting higher inflation, a year-long recession and OCR hitting 5.5%.

In March, National promised to repeal the top tax rate of 39% in the first term. 1News understands they went into the media conference intending to make ...

"Inflation is no-one's friend," Reserve Bank governor Adrian Orr says amid a bleak economic forecast and the prediction of a recession in 2023.

It's official cash rate day – and the experts are picking a record hike. Gore's mayor is facing scrutiny over the costs of his personal assistant. Should we ...

"It looks very clear to us that the New Zealand public are going to need the National Party to demonstrate very good economic management."

The Reserve Bank has just pushed the OCR up by 75 basis points, which has put it up to 4.25 percent now. This is the highest level the OCR has been at sinc.

Reserve Bank sees 'sustained upward pressure' on retail lending rates.

Tony Alexander says many people have "still got some good money there and [are] willing to spend it".

Reserve Bank governor apologises to households doing it tough, warning the purse strings will tighten further as interest rates rise and NZ enters ...

A glimmer of optimism after the latest Official Cash Rate hike. The Reserve Bank's pushed the OCR up an unprecedented 75 basis points to the highest level.

Carissa Fairbrother says people need to take a hard look at their spending as interest rates rise further.

The Reserve Bank is asking people to slow spending and prepare for a recession after hiking the OCR yesterday. Here's what we know so far.