The Reserve Bank has raised the Official Cash Rate 25 basis points, from 2.5 percent to 2.75.

The Monetary Policy Committee agreed unanimously to the rise, broadly expected by economists and the market.

Newstalk ZB senior political correspondent Barry Soper says this could have an immediate impact on retailers, as people will now have less money to spend in stores. 

LISTEN ABOVE

The Reserve Bank has raised the Official Cash Rate 25 basis points, from 2.5 percent to 2.75.
The Monetary Policy Committee agreed unanimously to the rise, broadly expected by economists and the market.
Newstalk ZB senior political correspondent Barry Soper says this could have an immediate impact on retailers, as people will now have less money to spend in stores.&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Barry Soper: Newstalk ZB senior political correspondent on the Government hiking the OCR to 2.75 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/19a796e3-9788-4261-a295-b4b900596966/transcript

Bruno Mars will headline a second Auckland show, with another concert set to take place at Eden Park on March 14.

Citing 'overwhelming fan demand' for the singer’s March 13 date, promoter Live Nation said presale tickets for the new show are now on sale for those who registered.

Entertainment commentator Chris Schulz says the next few months are shaping up to be good for major artists, with Robbie Williams, the Foo Fighters, Olivia Dean and Dom Dolla, among others, seeing big demand among Kiwi audiences.

"I don't have the stats yet, but I believe that would be record-breaking. I can't think of another summer like it." 

LISTEN ABOVE

Bruno Mars will headline a second Auckland show, with another concert set to take place at Eden Park on March 14.
Citing 'overwhelming fan demand' for the singer’s March 13 date, promoter Live Nation said presale tickets for the new show are now on sale for those who registered.
Entertainment commentator Chris Schulz says the next few months are shaping up to be good for major artists, with Robbie Williams, the Foo Fighters, Olivia Dean and Dom Dolla, among others, seeing big demand among Kiwi audiences.
"I don't have the stats yet, but I believe that would be record-breaking. I can't think of another summer like it."&nbsp;
LISTEN ABOVE

Chris Schulz: entertainment commentator on Bruno Mars getting a second Eden Park show

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3e0f2e74-b347-47ae-b4e0-b4b900676e9c/transcript

Revelations Moa Point wastewater plant's collapse could have been avoided if Wellington Council had gone ahead with a second stage of construction. 

An independent Crown review of the February disaster, which let billions of litres of raw sewage flow into coastal waters, found three decades of governance and risk assessment failures. 

Report author Raveen Jaduram says it's likely councillors didn't know they needed to build the next stage. 

"Because of the time delay, people leave and the new people coming in didn't know and didn't make it their business to find out." 

LISTEN ABOVE

Revelations Moa Point wastewater plant's collapse could have been avoided if Wellington Council had gone ahead with a second stage of construction.&nbsp;
An independent Crown review of the February disaster, which let billions of litres of raw sewage flow into coastal waters, found three decades of governance and risk assessment failures.&nbsp;
Report author Raveen Jaduram says it's likely councillors didn't know they needed to build the next stage.&nbsp;
"Because of the time delay, people leave and the new people coming in didn't know and didn't make it their business to find out."&nbsp;
LISTEN ABOVE

Raveen Jaduram: Moa Point report author on what Wellington Council could have done to prevent collapse

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0a741ee0-4d0e-41c3-b140-b4b9005ff745/transcript

More Official Cash Rate hikes are possible, but far from guaranteed.

The Reserve Bank has raised the cash rate 25-basis-points this afternoon to 2.75 percent.

Governor Anna Breman says they are moving it towards a neutral level, to around 3 percent.

But she says nothing is set in stone.

"Today's decision will allow us to assess the impact of these two OCR increases - and then we will see whether we need to do further increases." 

LISTEN ABOVE

More Official Cash Rate hikes are possible, but far from guaranteed.
The Reserve Bank has raised the cash rate 25-basis-points this afternoon to 2.75 percent.
Governor Anna Breman says they are moving it towards a neutral level, to around 3 percent.
But she says nothing is set in stone.
"Today's decision will allow us to assess the impact of these two OCR increases - and then we will see whether we need to do further increases."&nbsp;
LISTEN ABOVE

Anna Breman: Reserve Bank Governor on whether we can expect more OCR hikes after recent increase

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/613d372b-dae6-496a-bd2b-b4b9005b5720/transcript

Barry Soper: Newstalk ZB senior political correspondent on the Government hiking the OCR to 2.75 percent

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