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.
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

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

New reports claim Harry and Meghan have pulled their two children, Archie and Lilibet, from school in the UK amid ongoing security concerns.

The family recently moved from the United States to the UK, and their private security team reportedly advised them to make this move.

UK correspondent Enda Brady indicated Harry and Meghan could be looking to 'manufacture' a situation to create some extra pressure - and this will likely cost the taxpayers.

LISTEN ABOVE

New reports claim Harry and Meghan have pulled their two children, Archie and Lilibet, from school in the UK amid ongoing security concerns.
The family recently moved from the United States to the UK, and their private security team reportedly advised them to make this move.
UK correspondent Enda Brady indicated Harry and Meghan could be looking to 'manufacture' a situation to create some extra pressure - and this will likely cost the taxpayers.
LISTEN ABOVE

Enda Brady: UK correspondent on Harry and Meghan removing their children from UK school amid security concerns

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/be23499b-d0fb-45cf-af30-b4c6008c76d4/transcript

New data out of Federated Farmers shows profitability is the highest it’s been in a decade, with 72 percent of farmers making a profit and fewer than one in 20 making a loss.

But confidence for the next 12 months has dropped, with many farmers wondering how long these good times can really last.

The Country's Jamie Mackay outlined the survey results further.

LISTEN ABOVE

New data out of Federated Farmers shows profitability is the highest it’s been in a decade, with 72 percent of farmers making a profit and fewer than one in 20 making a loss.
But confidence for the next 12 months has dropped, with many farmers wondering how long these good times can really last.
The Country's Jamie Mackay outlined the survey results further.
LISTEN ABOVE

Jamie Mackay: The Country host on what the latest Federated Farmers Confidence survey means for the sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d0bab9de-1d20-4214-9a0d-b4c60089ce91/transcript

There's growing debate about the TMO's role in rugby, with many claiming they'd like to hear less from officials.

Sir Graham Henry was one of the big names to recently claim that less TMO involvement is the way to go, following the latest All Blacks-Springboks clash over the weekend.

International rugby referee and expert Ben O'Keeffe says television match officials still serve a purpose.

"I like having the ability to have the technology available, but it actually comes down to the application of how I actually try and use it."

LISTEN ABOVE

There's growing debate about the TMO's role in rugby, with many claiming they'd like to hear less from officials.
Sir Graham Henry was one of the big names to recently claim that less TMO involvement is the way to go, following the latest All Blacks-Springboks clash over the weekend.
International rugby referee and expert Ben O'Keeffe says television match officials still serve a purpose.
"I like having the ability to have the technology available, but it actually comes down to the application of how I actually try and use it."
LISTEN ABOVE

Ben O'Keeffe: international rugby referee and expert on whether less TMO influence improves rugby

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d24fd339-93b0-4f0c-9a29-b4c60085ddf8/transcript

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

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