The Reserve Bank has lifted the Official Cash Rate by 50 basis points to 3 per cent - its highest level since 2015.

The RBNZ now sees the OCR peaking at 4.1 per cent as it fights inflation pressure. Previously it had forecast a peak of 3.95 per cent.

Labour has overtaken National again in the latest Curia-Taxpayers Union poll which saw National and its leader Christopher Luxon take a dive in popularity.

There is more bad news for Luxon, whose favourability had just dropped into negatives for the first time since becoming National leader - his favourability of -1 per cent is now closer to Act leader David Seymour's than Labour leader Jacinda Ardern's.

Newstalk ZB Political Editor Barry Soper joined Heather du Plessis-Allan to discuss as well as today's developments in the Dr. Gaurav Sharma saga.

LISTEN ABOVE

The Reserve Bank has lifted the Official Cash Rate by 50 basis points to 3 per cent - its highest level since 2015.
The RBNZ now sees the OCR peaking at 4.1 per cent as it fights inflation pressure. Previously it had forecast a peak of 3.95 per cent.
Labour has overtaken National again in the latest Curia-Taxpayers Union poll which saw National and its leader Christopher Luxon take a dive in popularity.
There is more bad news for Luxon, whose favourability had just dropped into negatives for the first time since becoming National leader - his favourability of -1 per cent is now closer to Act leader David Seymour's than Labour leader Jacinda Ardern's.
Newstalk ZB Political Editor Barry Soper joined Heather du Plessis-Allan to discuss as well as today's developments in the Dr. Gaurav Sharma saga.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.