Reserve bank raises OCR to 2.5 percent
The reserve bank has raised the official cash rate to 2.5 percent, up 25 basis points. It's the first hike in more than three years. Economists have been fiercely divided over whether it's the right time for a raise. Kiwibank chief economist Jarrod Kerr spoke to Lisa Owen.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.