The markets seem to be reacting positively to the OCR announcement, particularly the widespread view that increases this year are now less likely.
The NZX is up over 1%. This intepretation from the NZ Herald.
This blog was dedicated to the monitoring of latest developments in Central, Regional and Local politics from its base in New Zealand's capital city, Wellington. The blog was run by a team with unique insights into latest developments. The Hive was not politically aligned, but did support policy that was best for the growth of business and the economy. Given the obvious interest from our readership The Hive from time to time delved into the politics of other countries or regions.