OCR left steady at 3.5pc

Reserve Bank governor Graeme Wheeler has kept the official cash rate at 3.5 per cent, saying any more rate hikes will be at a later stage as the central bank pulled back its track for future increases as tepid inflation provides scope to let the economy grow rapidly for longer. The New Zealand dollar jumped.

Latest Video

Sam Neill returns home
New Zealand

Sam Neill returns home

Sam Neill has returned home from a promotional tour for his latest TV series Apples Never Fall, in time for harvest at his cherished Central Otago vineyards. Video / George Heard