Reserve bank raises OCR to 2.5 percent episode artwork

EPISODE · Jul 8, 2026 · 6 MIN

Reserve bank raises OCR to 2.5 percent

from Checkpoint

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.

Episode metadata supplied by the publisher feed · Published Jul 8, 2026

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Reserve bank raises OCR to 2.5 percent

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