The Reserve Bank has lifted the Official Cash Rate for the first time in more than three years.

It's raised the OCR 25 basis points to 2.5 percent.

The Monetary Policy Committee's six members all agreed to raise the cash rate - despite divided opinions from economists.

Infometrics Principal Economist Brad Olsen says the Reserve Bank will be looking to get the OCR down to a more 'normal' level - and this increase is the first step.

LISTEN ABOVE

The Reserve Bank has lifted the Official Cash Rate for the first time in more than three years.
It's raised the OCR 25 basis points to 2.5 percent.
The Monetary Policy Committee's six members all agreed to raise the cash rate - despite divided opinions from economists.
Infometrics Principal Economist Brad Olsen says the Reserve Bank will be looking to get the OCR down to a more 'normal' level - and this increase is the first step.
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.

Best of Business

Brad Olsen: Infometrics Principal Economist on the Reserve Bank increasing the OCR by 25 basis points

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b7422363-cb29-4865-a34b-b481002d9d8c/transcript

Plugging a a solar panel into your own wall is currently illegal in New Zealand, but the Government's looking into changing that.

In a post on Facebook, Energy Minister Simeon Brown says work is currently under way to make this change happen.

Rewiring Aotearoa CEO Mike Casey has welcomed this move, saying this development would be 'amazing'.

"It's something that we thought needed to happen in New Zealand, it hasn't happened in Australia yet - we copy a lot of our regulations and standards from Australia, so we're breaking the mould and heading out and doing it ourselves."

LISTEN ABOVE

Plugging a a solar panel into your own wall is currently illegal in New Zealand, but the Government's looking into changing that.
In a post on Facebook, Energy Minister Simeon Brown says work is currently under way to make this change happen.
Rewiring Aotearoa CEO Mike Casey has welcomed this move, saying this development would be 'amazing'.
"It's something that we thought needed to happen in New Zealand, it hasn't happened in Australia yet - we copy a lot of our regulations and standards from Australia, so we're breaking the mould and heading out and doing it ourselves."
LISTEN ABOVE

Mike Casey: Rewiring Aotearoa CEO on the Government looking to changes laws on plug-in solar panels

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4e2ad558-618a-4748-abf5-b480007588ba/transcript

Has a second NRL team in New Zealand edged closer to a reality after the NRL's new multi-billion dollar broadcast deal?

The Australian Rugby League Commission has signed a new seven-year TV rights deal with its existing partners on both sides of the Tasman, including Sky TV, starting in 2028.

The NRL wants to increase to 20 teams during that period, with Christchurch considered a candidate for an expansion licence.

Sky TV boss Sophie Moloney has been asked what the new deal means to that end.

"That's definitely one for the commission - that wasn't determinist of our values, we've valued it up based on what we've got and we love our Warriors." 

LISTEN ABOVE

Has a second NRL team in New Zealand edged closer to a reality after the NRL's new multi-billion dollar broadcast deal?
The Australian Rugby League Commission has signed a new seven-year TV rights deal with its existing partners on both sides of the Tasman, including Sky TV, starting in 2028.
The NRL wants to increase to 20 teams during that period, with Christchurch considered a candidate for an expansion licence.
Sky TV boss Sophie Moloney has been asked what the new deal means to that end.
"That's definitely one for the commission - that wasn't determinist of our values, we've valued it up based on what we've got and we love our Warriors."&nbsp;
LISTEN ABOVE

Sophie Moloney: Sky TV chief executive on Sky winning NRL and Warriors rights in new broadcast deal

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/06d1742c-648c-4986-b86a-b480006dd700/transcript

It's been a turbulent time for AI-based investments.

The AI capital expenditure-leveraged Korean and Japanese share markets have recovered from last week's drop, but experts say things are still 'volatile'.

Shane Solly from Harbour Asset Management explained further.

LISTEN ABOVE

It's been a turbulent time for AI-based investments.
The AI capital expenditure-leveraged Korean and Japanese share markets have recovered from last week's drop, but experts say things are still 'volatile'.
Shane Solly from Harbour Asset Management explained further.
LISTEN ABOVE

Shane Solly: Harbour Asset Management expert on the 'volatile' state of AI-based investments

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/41c149bb-42de-4341-b9dd-b47f0083d111/transcript

Brad Olsen: Infometrics Principal Economist on the Reserve Bank increasing the OCR by 25 basis points

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