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What happened Thursday

A review of things you need to know before you go home on Thursday; wholesale rates unchanged, currency rises, mortgage approvals strong, Fonterra fix-ups, China beef demand strong

RBNZ hikes OCR to 3%

Updated
RBNZ lifts OCR by 25 bps to 3% as expected; repeats that high NZ$ not sustainable, but also says it is reducing inflation pressures; will take NZ$ into account when setting rates; NZ$ rises

OCR lifted to 3%

Reserve Bank increases official interest rates by another quarter of a percentage point

NZ gets cues from AU

Global interest rates slightly softer as a mild risk-off tone pervades markets

90 seconds at 9 am: Record crude stocks

US housing markets losing traction; manufacturing expanding in the US and Europe, but not China; US oil stocks at 80 year high; NZ$1 = US$0.858, TWI = 79.9

What happened Wednesday

A review of things you need to know before you go home on Wednesday; immigrant surge, credit card debt jumps, bank bills rise further, AUD falls

Ukraine having little impact

Swaps rise recovering all of last week's decline following US Treasuries higher

90 seconds at 9 am: Climate change?

Good earnings boost stocks; gold and oil lower; US house sales fall; El Niño imminent say Aussies; NZ$1 = US$0.860, TWI = 79.9

What happened Tuesday

A review of things you need to know before you go home on Tuesday; Kiwibank raises mortgage rates; ASB raises funds at 6.65%; home loan affordability worsens; swap rates jump

ASB raises $400 mln

ASB borrows $400 mln at 6.65% in 'complex' 10-year debt issue

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