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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/de962f1e-7510-44fe-894e-b1e10086097d/transcript

Over in Spain, efforts have begun to search an underground carpark in Valencia - where authorities fear may more be dead after last week's flash flooding.

The deadliest flash flood in modern Spanish history has killed over 217 people so far, with dozens more still unaccounted for.

UK correspondent Gavin Grey says angry crowds have confronted King Felipe VI and thrown mud in protest of the 'woeful' response to the disaster. 

LISTEN ABOVE

Over in Spain, efforts have begun to search an underground carpark in Valencia - where authorities fear may more be dead after last week's flash flooding.
The deadliest flash flood in modern Spanish history has killed over 217 people so far, with dozens more still unaccounted for.
UK correspondent Gavin Grey says angry crowds have confronted King Felipe VI and thrown mud in protest of the 'woeful' response to the disaster.&nbsp;
LISTEN ABOVE

Gavin Grey: UK correspondent on the ongoing rescue efforts following flash flooding in Spain

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/461a8cef-048b-41dc-a25c-b21e00806f14/transcript

48 hours ahead of the US presidential election, financial markets are gearing up for a Trump victory.

Polls indicate the election result will be close, and some experts are warning people not to adjust just yet.

Harbour Asset Management's Shane Solly unpacks the potential financial implications ahead of election day.

LISTEN ABOVE

48 hours ahead of the US presidential election, financial markets are gearing up for a Trump victory.
Polls indicate the election result will be close, and some experts are warning people not to adjust just yet.
Harbour Asset Management's Shane Solly unpacks the potential financial implications ahead of election day.
LISTEN ABOVE

Shane Solly: Harbour Asset Management spokesperson on financial markets factoring in Trump winning the presidency

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6753c9de-ccd4-42c5-b13e-b21e007ddd88/transcript

A new survey from Kiwibank reveals a majority of Kiwis think owning a home is crucial to getting ahead in New Zealand - but many feel locked out of the market.

Over two-thirds of non-owners feel pessimistic about home ownership, with millennials in particular believing they won't get on the property ladder.

Kiwibank CEO Steve Jurkovich says people aged 30 to 44 have seen house prices surge the most over their lifetimes - and they feel the most overwhelmed.

LISTEN ABOVE

A new survey from Kiwibank reveals a majority of Kiwis think owning a home is crucial to getting ahead in New Zealand - but many feel locked out of the market.
Over two-thirds of non-owners feel pessimistic about home ownership, with millennials in particular believing they won't get on the property ladder.
Kiwibank CEO Steve Jurkovich says people aged 30 to 44 have seen house prices surge the most over their lifetimes - and they feel the most overwhelmed.
LISTEN ABOVE

Steve Jurkovich: Kiwibank CEO on the new report revealing millennials feel locked out of the housing market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fa2469e0-ff63-47c4-97de-b21e007b5947/transcript

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

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