The Reserve Bank says more OCR hikes are "likely", but it doesn't know how many more will be needed, or when they're likely to happen. 

The central bank's raised the cash rate to 2.5% – the first hike in more than three years. 

It wants to get the OCR back to a "neutral" level that doesn't contribute to inflation. 

ASB Chief Economist Nick Tuffley told Ryan Bridge they believe the bank will steadily lift interest rates over the rest of the year – bringing the cash rate back to 3.25% by the end of the year. 

He says there is a chance they’ll pause along the way, but having done one, they think it’s very likely they’ll follow through in September. 

LISTEN ABOVE 

The Reserve Bank says more OCR hikes are "likely", but it doesn't know how many more will be needed, or when they're likely to happen.&nbsp;
The central bank's raised the cash rate to 2.5% – the first hike in more than three years.&nbsp;
It wants to get the OCR back to a "neutral" level that doesn't contribute to inflation.&nbsp;
ASB Chief Economist Nick Tuffley told Ryan Bridge they believe the bank will steadily lift interest rates over the rest of the year – bringing the cash rate back to 3.25% by the end of the year.&nbsp;
He says there is a chance they’ll pause along the way, but having done one, they think it’s very likely they’ll follow through in September.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Nick Tuffley: ASB Senior Economist on the Reserve Bank raising the Official Cash Rate to 2.5%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2bb6d209-53ba-4517-9b6f-b48200032d48/transcript

On the Early Edition with Ryan Bridge Full Show Podcast Monday 13th of July 2026, New Zealand and India have now agreed to a strategic partnership, India Business Council Chair, Edwin Paul shares his thoughts. 

The Employers and Manufacturers Association wants more certainty for businesses ahead of the election, Employment Expert, Max Whitehead tells Ryan what the Government needs to do to improve this. 

Business Correspondent Vicky Pryce has the latest on how the Strait of Hormuz closure has had an impact on oil prices, how much the proposed bank holiday will cost if England wins the World cup at the end of the week and worries about currently negotiated EU budget. 

Plus UK/Europe correspondent Gavin Grey has the latest on Police investigating the alleged murder of former UK Government Minister Ann Widdecombe and a man who was nearly sucked head-first out of a cabin window in mid-air on a Ryanair plane from Greece to Germany. 

Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.          

LISTEN ABOVE  

On the Early Edition with Ryan Bridge Full Show Podcast Monday 13th of July 2026, New Zealand and India have now agreed to a strategic partnership, India Business Council Chair, Edwin Paul shares his thoughts.&nbsp;
The Employers and Manufacturers Association wants more certainty for businesses ahead of the election, Employment Expert, Max Whitehead tells Ryan what the Government needs to do to improve this.&nbsp;
Business Correspondent Vicky Pryce has the latest on how the Strait of Hormuz closure has had an impact on oil prices, how much the proposed bank holiday will cost if England wins the World cup at the end of the week and worries about currently negotiated EU budget.&nbsp;
Plus UK/Europe correspondent Gavin Grey has the latest on Police investigating the alleged murder of former UK Government Minister Ann Widdecombe and a man who was nearly sucked head-first out of a cabin window in mid-air on a Ryanair plane from Greece to Germany.&nbsp;
Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
LISTEN ABOVE &nbsp;

Full Show Podcast: 13 July 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/28a9e33b-4ea6-482d-94ac-b485012ac41b/transcript

Narendra Modi's visit has added further impetus to the excitement surrounding the Indian market. 

India's Prime Minister attended a series of business, political and community events in Auckland on Saturday.

He's agreed to a roadmap with Chris Luxon - aiming to double two-way trade by 2030. 

India Business Council Chair Edwin Paul told Ryan Bridge why he isn't concerned about the $20-billion-dollar investment question. 

Narendra Modi's visit has added further impetus to the excitement surrounding the Indian market.&nbsp;
India's Prime Minister attended a series of business, political and community events in Auckland on Saturday.
He's agreed to a roadmap with Chris Luxon - aiming to double two-way trade by 2030.&nbsp;
India Business Council Chair Edwin Paul told Ryan Bridge why he isn't concerned about the $20-billion-dollar investment question.&nbsp;

Edwin Paul: India Business Council Chair on Narendra Modi's visit to New Zealand

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/eb558a09-fc4f-41b3-a59b-b485012b512b/transcript

TMI and TMO 

Dave Rennie had a bit of a crack at the TMO over the weekend. 

A FIFA ball hit a spidercam in the USA and Norway went nuts because the TMO didn't do anything about it. Apparently it should be an automatic drop-ball.

Both of these these games, different sports, played half way round the world from each other, tell you all you need know about TMO's.

When you're up and winning, they're always butting in where they're not wanted, aren't they?

But when it's your team on the back foot and could do with a pesky technicality to get some points, or lose your opponents some, they come in handy. 

Sport is live and happens quickly. That's why it's exciting. 

So the only solution to this problem, which is only a problem exactly half the time, when your team is losing, is quite simple. 

Play without it!

Things will get missed. Penalties go unawarded. Eyesight is not perfect. Line of sight is not perfect. 

Games move faster, but the results are less accurate. 

Or, you embrace the technology and the cameras and the man in the bunker. 

Hell, one day it'll probably just be all AI powered and decided. 

Personally, I'd rather something was quick and dirty than long and accurate.

There's TMI from the TMO.

Mistakes happen. Chances are they'll happen to everyone equally. 

We've played sports, of sorts, for centuries without the need for cameras and bunkers. 

We can, if we want, just keep doing that for a few centuries longer. 

TMI and TMO&nbsp;
Dave Rennie had a bit of a crack at the TMO over the weekend.&nbsp;
A FIFA ball hit a spidercam in the USA and Norway went nuts because the TMO didn't do anything about it. Apparently it should be an automatic drop-ball.
Both of these these games, different sports, played half way round the world from each other, tell you all you need know about TMO's.
When you're up and winning, they're always butting in where they're not wanted, aren't they?
But when it's your team on the back foot and could do with a pesky technicality to get some points, or lose your opponents some, they come in handy.&nbsp;
Sport is live and happens quickly. That's why it's exciting.&nbsp;
So the only solution to this problem, which is only a problem exactly half the time, when your team is losing, is quite simple.&nbsp;
Play without it!
Things will get missed. Penalties go unawarded. Eyesight is not perfect. Line of sight is not perfect.&nbsp;
Games move faster, but the results are less accurate.&nbsp;
Or, you embrace the technology and the cameras and the man in the bunker.&nbsp;
Hell, one day it'll probably just be all AI powered and decided.&nbsp;
Personally, I'd rather something was quick and dirty than long and accurate.
There's TMI from the TMO.
Mistakes happen. Chances are they'll happen to everyone equally.&nbsp;
We've played sports, of sorts, for centuries without the need for cameras and bunkers.&nbsp;
We can, if we want, just keep doing that for a few centuries longer.&nbsp;

Ryan Bridge: There's TMI from the TMO

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/beed3f24-932c-4331-b0a1-b48501294ccb/transcript

Nick Tuffley: ASB Senior Economist on the Reserve Bank raising the Official Cash Rate to 2.5%

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