The Reserve Bank hiked up the OCR higher than expected- and it shocked a lot of experts.

The Official Cash Rate went up 50 basis points to 5.25 percent, the highest it's been since the 2008 global financial crisis.

NZ Herald business editor at large Liam Dann says the Reserve Bank delivered exactly what they said they were going to in February.

Liam Dann explains that the Reserve Bank would have done all the necessary net equations, and stuck to their guns in Wednesday's announcement.

LISTEN ABOVE

The Reserve Bank hiked up the OCR higher than expected- and it shocked a lot of experts.
The Official Cash Rate went up 50 basis points to 5.25 percent, the highest it's been since the 2008 global financial crisis.
NZ Herald business editor at large Liam Dann says the Reserve Bank delivered exactly what they said they were going to in February.
Liam Dann explains that the Reserve Bank would have done all the necessary net equations, and stuck to their guns in Wednesday's announcement.
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.