The Reserve Bank will need to raise OCR by more than it assumed, Westpac senior economist Satish Ranchhod says, due to 'ongoing sizable increases' in administered prices

US data mixed but bond markets remain sceptical; China PMIs expand; French bond risk leaps; Australian inflation rises but building consents fall; global air travel dips; UST 10yr at 5.30%; gold holds and oil falls further; NZ$1 = 56.3 USc; TWI-5 = 60.1

Labour is promising to stop companies from ‘heaping on extra fees, trapping people in subscriptions, and pushing unnecessary costs onto New Zealanders’ if elected

Stock levels on Realestate.co.nz are up, but asking prices are flat overall but vary across the regions