Watch: Reserve Bank leaves OCR on hold

Reserve Bank Governor Graeme Wheeler has announced there will be no change to the Official Cash Rate, which sits at a record low 2.5pc. The financial markets saw no chance the Reserve Bank would raise the official cash rate today so their focus will be on how the accompanying monetary policy statement describes the balance of risks going forward. The kiwi dollar dropped on the news.

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Urbano reopens
New Zealand

Urbano reopens

Mark Solon and Jane Solon inside their newly refurbished restaurant, Urbano Bistro, which reopened this week after a car crashed inside nearly six weeks ago.