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OCR wrap: Reserve Bank 'stuns' with surprise hold decision on rate

Last updated 7:00pm

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The Official Cash Rate (OCR) affects consumers' mortgage and savings rates. — The Official Cash Rate (OCR) affects consumers' mortgage and savings rates. (Source: 1News)

The Official Cash Rate (OCR) affects consumers' mortgage and savings rates. — The Official Cash Rate (OCR) affects consumers' mortgage and savings rates. (Source: 1News)

The Reserve Bank has held the official cash rate (OCR) at 2.75%, defying expectations of another hike just 10 days out from the election. Follow 1News for the latest developments.

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The official cash rate is now set by a monetary policy committee.

RBNZ set to raise benchmark interest rate despite previously signalled pause

The RBNZ is expected to raise the official cash rate by 25 basis points to 3.0%, the third consecutive rate rise and the highest OCR level in a year.

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Lotto players will see a change on their tickets.

Woman left $333k winning Lotto ticket in drawer for 4 months

There are also calls for the winner of an unclaimed $1 million winning ticket to come forward.

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The official cash rate is now set by a monetary policy committee.

RBNZ set to raise benchmark interest rate despite previously signalled pause

The RBNZ is expected to raise the official cash rate by 25 basis points to 3.0%, the third consecutive rate rise and the highest OCR level in a year.

8:00am

9:50

First New Zealand leader Winston Peters

Peters defends NZ First ad blaming 'woke b******t' for navy sinking

Winston Peters says it's "clear as daylight" the captain of the ship was hired through a diversity, equity and inclusion (DEI) programme.

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Election updates: OCR, Hutt South, coalition options and 'woke BS'

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Election updates: OCR, Hutt South, coalition options and 'woke BS'

As the campaign heads to the finish line, follow 1News reporters across New Zealand for the latest from the trail.

7:24pm

7:05

Labour leader Chris Hipkins.

Labour vows no-cause evictions ban, to make rentals warmer, safer

Chris Hipkins says tenants would have greater security if Labour wins next week’s election, with landlords required to give valid reasons for ending tenancies.

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Opportunity leader Qiulae Wong

Opportunity ruling out NZ First a 'serious consideration', leader says

Opportunity leader Qiulae Wong says ruling out NZ First has become a "serious consideration" after Winston Peters defended a party ad blaming the sinking of the HMNZS Manawanui on "woke bulls***".

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Lotto players will see a change on their tickets.

Woman left $333k winning Lotto ticket in drawer for 4 months

There are also calls for the winner of an unclaimed $1 million winning ticket to come forward.

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The official cash rate is now set by a monetary policy committee.

RBNZ set to raise benchmark interest rate despite previously signalled pause

The RBNZ is expected to raise the official cash rate by 25 basis points to 3.0%, the third consecutive rate rise and the highest OCR level in a year.

8:00am

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First New Zealand leader Winston Peters

Peters defends NZ First ad blaming 'woke b******t' for navy sinking

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