Savers have rushed to lock in high interest rates ahead of the Reserve Bank cutting the OCR for the first time in more than four years.

New RBNZ data shows households put an extra $2.1 billion in term deposits in July - which saw the amount of money held in term deposits rise to a record $136 billion.

NZ Herald Wellington business editor Jenee Tibshraeny explains why people have been making these choices. 

LISTEN ABOVE

Savers have rushed to lock in high interest rates ahead of the Reserve Bank cutting the OCR for the first time in more than four years.
New RBNZ data shows households put an extra $2.1 billion in term deposits in July - which saw the amount of money held in term deposits rise to a record $136 billion.
NZ Herald Wellington business editor Jenee Tibshraeny explains why people have been making these choices. 
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 depositors rushing to take advantage of high interest rates

The final report on the Grenfell disaster is set to be published - six years after the inquiry began hearing evidence about what caused the incident.

The fire caused the deaths of 72 people in a London tower block fire in 2017.

UK correspondent Gavin Grey says the report will examine how the tower block came to be in a condition that allowed the fire to spread.

LISTEN ABOVE

The final report on the Grenfell disaster is set to be published - six years after the inquiry began hearing evidence about what caused the incident.
The fire caused the deaths of 72 people in a London tower block fire in 2017.
UK correspondent Gavin Grey says the report will examine how the tower block came to be in a condition that allowed the fire to spread.
LISTEN ABOVE

Gavin Grey: UK correspondent ahead of the release of the final report into the Grenfell Tower fire

A new survey by ASB indicates Kiwis aren't expecting house prices to pick up again anytime soon.

According to ASB's Housing Confidence survey, a net 13 percent of respondents believe house prices will go up - down more than 30 percent compared with last quarter.

A net 20 percent of respondents now expect lower interest rates and only a net 8 percent think now is a good time to buy.

ASB chief economist Nick Tuffley says falling interest rates haven't inspired confidence in sellers.

LISTEN ABOVE

A new survey by ASB indicates Kiwis aren't expecting house prices to pick up again anytime soon.
According to ASB's Housing Confidence survey, a net 13 percent of respondents believe house prices will go up - down more than 30 percent compared with last quarter.
A net 20 percent of respondents now expect lower interest rates and only a net 8 percent think now is a good time to buy.
ASB chief economist Nick Tuffley says falling interest rates haven't inspired confidence in sellers.
LISTEN ABOVE

Nick Tuffley: ASB chief economist on the outlook of the latest ASB Housing Confidence survey

The US market is up almost 20 percent on the year - but big names like Starbucks, Nike, and Lululemon have been struggling.

The consumer discretionary sector has jumped 6 percent, with a number of companies being dubbed 'fallen angels'.

Milford Asset Management's Stephanie Batchelor explains how investors can proceed.

LISTEN ABOVE

The US market is up almost 20 percent on the year - but big names like Starbucks, Nike, and Lululemon have been struggling.
The consumer discretionary sector has jumped 6 percent, with a number of companies being dubbed 'fallen angels'.
Milford Asset Management's Stephanie Batchelor explains how investors can proceed.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on depositors rushing to take advantage of high interest rates

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