The OCR has been increased for the first time in three years, and it's prompted a divided response among experts.

The Monetary Policy Committee's unanimously agreed to raise the cash rate to 2.5 percent.

Milford Asset Management's Remy Wisenberg unpacked the reactions further.

LISTEN ABOVE

The OCR has been increased for the first time in three years, and it's prompted a divided response among experts.
The Monetary Policy Committee's unanimously agreed to raise the cash rate to 2.5 percent.
Milford Asset Management's Remy Wisenberg unpacked the reactions further.
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

Remy Wisenberg: Milford Asset Management expert on whether the markets price in the OCR increase

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/02d8a0ff-6f76-4f5a-b0c8-b48100756092/transcript

Right-wing UK politician Nigel Farage is set to spend more than half a million dollars after triggering a by-election in the electorate where he's already an MP.

It comes after criticism over his financial support, after local media reported he had not declared benefits.

The Reform UK leader has also faced questions over a five-million pound gift, which he didn't register.

UK correspondent Gavin Grey says Farage will stand for the Clacton seat again - but experts have raised questions over the implications of this move. 

LISTEN ABOVE

Right-wing UK politician Nigel Farage is set to spend more than half a million dollars after triggering a by-election in the electorate where he's already an MP.
It comes after criticism over his financial support, after local media reported he had not declared benefits.
The Reform UK leader has also faced questions over a five-million pound gift, which he didn't register.
UK correspondent Gavin Grey says Farage will stand for the Clacton seat again - but experts have raised questions over the implications of this move.&nbsp;
LISTEN ABOVE

Gavin Grey: UK correspondent on Nigel Farage resigning and triggering a by-election

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7afb32a4-f1b6-47f1-9120-b4810080ec63/transcript

A private jet company boss has voiced concerns about what could happen if there's not reform at the Civil Aviation Authority - and he's taken these worries to the Government.

NZ Jet owner John Ambler has heard concerns from former and current CAA staff about the organisation's culture. 

He says it includes an erosion of expertise, and operators fearing they'd be punished for raising concerns. 

"We are losing experienced people within the civil aviation department at a great rate...it's alarming. And obviously, if these people within the unit aren't able to speak up for fear of reparations - what sort of system have we got?"

Meanwhile, Air Chathams CEO Duane Emeny says there was need for change three years ago, and that Minister Simeon Brown acted quickly. 

"He got quite a few new board members in, the whole leadership team in the CAA changed and, actually, we can sit here today and say, quite confidently, that we are seeing some of the good and positive outcomes of those changes."

LISTEN ABOVE

A private jet company boss has voiced concerns about what could happen if there's not reform at the Civil Aviation Authority - and he's taken these worries to the Government.
NZ Jet owner John Ambler has heard concerns from former and current CAA staff about the organisation's culture.&nbsp;
He says it includes an erosion of expertise, and operators fearing they'd be punished for raising concerns.&nbsp;
"We are losing experienced people within the civil aviation department at a great rate...it's alarming. And obviously, if these people within the unit aren't able to speak up for fear of reparations - what sort of system have we got?"
Meanwhile, Air Chathams CEO Duane Emeny says there was need for change three years ago, and that Minister Simeon Brown acted quickly.&nbsp;
"He got quite a few new board members in, the whole leadership team in the CAA changed and, actually, we can sit here today and say, quite confidently, that we are seeing some of the good and positive outcomes of those changes."
LISTEN ABOVE

John Ambler and Duane Emeny: NZ Jet owner and Air Chathams CEO on the calls to reform the Civil Aviation Authority

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/15c39c4f-2647-4844-8109-b481007ed0d7/transcript

On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 8 July, 2026, Reserve Bank governor Anna Breman tells us why the Official Cash Rate has risen for the first time in three years.

Labour leader Chris Hipkins explains the difference between his party and National on solar power policy.

Coach Dame Noeline Taurua can barely contain her excitement at being back in charge of the Silver Ferns for the Commonwealth Games.

And on The Huddle, Katie Bradford and Phil O'Reilly discuss ACT's plans for three-year prison sentences for repeat burglars.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

LISTEN ABOVE

On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 8 July, 2026,<a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/anna-breman-reserve-bank-governor-explains-why-ocr-increase-was-necessary/"> Reserve Bank governor Anna Breman tells us why the Official Cash Rate has risen for the first time in three years.</a>
Labour leader Chris Hipkins explains the <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/chris-hipkins-labour-leader-on-the-party-unveiling-its-new-solarsaver-package-ahead-of-the-election/">difference between his party and National on solar power policy.</a>
Coach Dame Noeline Taurua <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/dame-noeline-taurua-silver-ferns-coach-speaks-ahead-of-the-teams-first-commonwealth-games-match/">can barely contain her excitement at being back in charge of the Silver Ferns for the Commonwealth Games.</a>
And on The Huddle, <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/the-huddle-did-the-ocr-need-to-go-up-after-all/">Katie Bradford and Phil O'Reilly discuss ACT's plans for three-year prison sentences for repeat burglars.</a>
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.
LISTEN ABOVE

Full Show Podcast: 08 July 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0ceb7a7c-0103-479a-8821-b4810076b4cd/transcript

Remy Wisenberg: Milford Asset Management expert on whether the markets price in the OCR increase

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