The Reserve Bank has raised the official cash rate (OCR) by 0.25 percentage points to 0.5%, the first rise in seven years. The move was widely expected and the market is anticipating it will be the first of a series of increases over the next few months, towards 1.5% and possibly higher.
The
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
