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