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

A record year for industrial and agricultural manufacturer Skellerup.  

Revenue is up 10% to $390.1 million, and their normalised profit has risen 18% to a record $64.2 million. 

And despite Trump's tariffs and Middle East supply disruptions, US revenue has also risen by 12%. 

CEO Graham Leaming told Mike Hosking the company is in good shape, and can continue to grow. 

He says they're investing quite a bit to ensure they can capture and convert the opportunities available to them. 

LISTEN ABOVE  

A record year for industrial and agricultural manufacturer Skellerup. &nbsp;
Revenue is up 10% to $390.1 million, and their normalised profit has risen 18% to a record $64.2 million.&nbsp;
And despite Trump's tariffs and Middle East supply disruptions, US revenue has also risen by 12%.&nbsp;
CEO Graham Leaming told Mike Hosking the company is in good shape, and can continue to grow.&nbsp;
He says they're investing quite a bit to ensure they can capture and convert the opportunities available to them.&nbsp;
LISTEN ABOVE &nbsp;

Graham Leaming: Skellerup CEO on the company reporting record profits

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/977b823b-9754-49eb-8ad8-b4ac016a1ddd/transcript

Auckland Airport's Chief Executive is feeling optimistic heading into 2027.  

Its latest financial results saw net profits drop 20%, however revenue is up 3%, and passenger numbers are up about 1.6% on the previous year.  

Carrie Hurihanganui told Mike Hosking the airport will be back to over 95% recovery in the summer peak – tantalisingly close to a full recovery.   

She says they're expecting strong growth, with six million seats in and out over the peak – up 4% on last year. 

Hurihanganui says destination New Zealand is still appealing to airlines. 

LISTEN ABOVE  

Auckland Airport's Chief Executive is feeling optimistic heading into 2027. &nbsp;
Its latest financial results saw net profits drop 20%, however revenue is up 3%, and passenger numbers are up about 1.6% on the previous year. &nbsp;
Carrie Hurihanganui told Mike Hosking the airport will be back to over 95% recovery in the summer peak – tantalisingly close to a full recovery. &nbsp;&nbsp;
She says they're expecting strong growth, with six million seats in and out over the peak – up 4% on last year.&nbsp;
Hurihanganui says destination New Zealand is still appealing to airlines.&nbsp;
LISTEN ABOVE &nbsp;

Carrie Hurihanganui: Auckland Airport CEO on profits dropping slightly, expectations of strong growth in summer

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c9ec12c8-42f7-4bd5-8579-b4ac0157a7da/transcript

SpaceX's record as the largest IPO in history is about to be broken by one of the emerging AI giants.

Anthropic's business is expanding and it's projecting a 2028 revenue of ‌roughly $190 billion to $200 billion.

Fisher Funds expert Sam Dickie explained further.

LISTEN ABOVE

SpaceX's record as the largest IPO in history is about to be broken by one of the emerging AI giants.
Anthropic's business is expanding and it's projecting a 2028 revenue of ‌roughly $190 billion to $200 billion.
Fisher Funds expert Sam Dickie explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on Anthropic potentially becoming one of the biggest IPOs on record

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/659c1437-0e08-4f00-9e85-b4ac007f90c2/transcript

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

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