The Reserve Bank left the OCR unchanged today - but people may have to hold out for rate cuts.

RBNZ Governor Adrian Orr revealed the bank considered hiking rates past 5.5 percent, and there's still scope for a potential hike this year.

The committee also pushed out its projected timeframe for its first OCR cut from mid-2025 to around September 2025.

NZ Herald Wellington business editor Jenee Tibshraeny says today's update marked a change of tone from the bank.

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The Reserve Bank left the OCR unchanged today - but people may have to hold out for rate cuts.
RBNZ Governor Adrian Orr revealed the bank considered hiking rates past 5.5 percent, and there's still scope for a potential hike this year.
The committee also pushed out its projected timeframe for its first OCR cut from mid-2025 to around September 2025.
NZ Herald Wellington business editor Jenee Tibshraeny says today's update marked a change of tone from the bank.
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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

Jenee Tibshraeny: NZ Herald Wellington business editor on the Reserve Bank revealing they considered hiking the OCR

Meridian Energy's Investor Day data indicates more power companies are looking to embrace growth in a changing market.

New Zealand's electricity demand is expected to grow between 50 percent and 75 percent, meaning the sector needs new methods of generation.

Milford Asset Management's Jeremy Hutton unpacks the results and announcements.

LISTEN ABOVE

Meridian Energy's Investor Day data indicates more power companies are looking to embrace growth in a changing market.
New Zealand's electricity demand is expected to grow between 50 percent and 75 percent, meaning the sector needs new methods of generation.
Milford Asset Management's Jeremy Hutton unpacks the results and announcements.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management Equities Analyst on Meridian Energy's Investor Day data

Gloriavale has taken a knock in its battle to maintain access to banking services.

BNZ has been trying to close Gloriavale's accounts for the last two years, and the Court of Appeal is allowing BNZ to challenge that injunction.

NZ Herald Wellington business editor Jenee Tibshraeny explains what comes next in this case.

LISTEN ABOVE

Gloriavale has taken a knock in its battle to maintain access to banking services.
BNZ has been trying to close Gloriavale's accounts for the last two years, and the Court of Appeal is allowing BNZ to challenge that injunction.
NZ Herald Wellington business editor Jenee Tibshraeny explains what comes next in this case.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on BNZ challenging Gloriavale over use of banking services

New Zealand's business sector seems to be taking a turn for the optimistic, according to new data from 2degrees.

The latest Shaping Business Study says 18 percent of business leaders feel like their companies are thriving, 34 percent feel more optimistic about the future and 53 percent anticipate revenue growth. 

2degrees Chief Business Officer Andrew Fairgray says the change in Government and improved global environment is helping boost the mood of the business community.

"We're starting to see more businesses seeing the benefit of using digital technology to support their businesses, we're seeing the global environment starting to improve - hopefully people are starting to realise there is opportunity to move forward." 

LISTEN ABOVE

New Zealand's business sector seems to be taking a turn for the optimistic, according to new data from 2degrees.
The latest Shaping Business Study says 18 percent of business leaders feel like their companies are thriving, 34 percent feel more optimistic about the future and 53 percent anticipate revenue growth. 
2degrees Chief Business Officer Andrew Fairgray says the change in Government and improved global environment is helping boost the mood of the business community.
"We're starting to see more businesses seeing the benefit of using digital technology to support their businesses, we're seeing the global environment starting to improve - hopefully people are starting to realise there is opportunity to move forward." 
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the Reserve Bank revealing they considered hiking the OCR

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