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20 Jun 2024 4:26
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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

     Other Business News
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     19 Jun: It's great news for New Zealand's Super Fund - that AI computer-chip maker Nvidia's risen to become the world's most valuable company
     19 Jun: Uncertainty about how long it's going to take to rein in inflation, on both sides of the Tasman
     19 Jun: A transport advocate wants the Government to re-negotiate its plans for new Interislander ferries
     19 Jun: Dairy prices have dipped 0.5 percent at the latest Global Dairy Trade auction this morning
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    BUSINESS BUSINESS
    Australia announces new initiatives to help improve PNG's internal security, law and justice as part of major bilateral security agreement More...



     Today's News

    Business:
    Australia announces new initiatives to help improve PNG's internal security, law and justice as part of major bilateral security agreement 23:37

    Entertainment:
    Hamas guards told hostage Almog Meir Jan that Israel didn't care about him, but then he saw his own face on TV 23:37

    International:
    The Coalition's nuclear power plan misses one key component: the cost 22:17

    Auckland:
    One person is dead after a crash in Auckland's Mt Albert 21:57

    Entertainment:
    Petra Ecclestone doesn't have many friends in her adopted home of Los Angeles because she hasn't really "clicked with anyone" 21:46

    Accident and Emergency:
    A person has died in a workplace incident at a Whakapara property in Whangarei this evening 21:17

    Entertainment:
    Sean 'Diddy' Combs has returned his key to New York City 21:16

    Entertainment:
    Perrie Edwards feels "way more confident" without Little Mix 20:46

    Entertainment:
    Paul Russell thinks it is "wild" he got to meet President Joe Biden this year 20:16

    Entertainment:
    Theo James has been appointed Goodwill Ambassador for UNHCR, the UN Refugee Agency 19:46


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