Best of Business

Brad Olsen: Infometrics Principal Economist on the Reserve Bank increasing the OCR by 25 basis points

7 min · 8 de jul de 2026
Portada del episodio Brad Olsen: Infometrics Principal Economist on the Reserve Bank increasing the OCR by 25 basis points

Descripción

The Reserve Bank has lifted the Official Cash Rate for the first time in more than three years. It's raised the OCR 25 basis points to 2.5 percent. The Monetary Policy Committee's six members all agreed to raise the cash rate - despite divided opinions from economists. Infometrics Principal Economist Brad Olsen says the Reserve Bank will be looking to get the OCR down to a more 'normal' level - and this increase is the first step. LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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Paul Fuge: Consumer NZ spokesperson on the number of Kiwis switching power companies

Kiwis are often told to look for the best deals on power, and they're not afraid to swap providers for a better price. So who's winning and who's losing the battle for those customers? Data from the Electricity Authority shows that Genesis Energy is the biggest loser here, with the company losing a net 35,015 customers in the year to June. Nova lost 9059, Manawa 3329 and Mercury 2706. On the opposite end, Contact gained 20,577, Electric Kiwi gained 11,590 and Meridian gained 10,288.  Consumer NZ Paul Fuge says the energy market is quite volatile, and many companies have been making changes to keep up. LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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