The OCR remains at 5.5%, KiwiRail reveals the partial culprit behind train disruptions, and a 'new' star is expected to light up the night sky.
1 Reserve Bank holds the Official Cash Rate at 5.5% once again
Last hiked in May 2023, the OCR is used as a tool by the Reserve Bank of New Zealand to get inflation into the target range of 1-3%.
At the beginning of 2023, inflation was measured at 6.7%. Since then, it has reduced every quarter and now sits at 4%.
As inflation continues to track down toward the target range, the move to hold the OCR at its current setting was widely predicted by economists.
2 Lulu Sun 'super happy' with historic Wimbledon run
The 23-year-old lost to Croatia's Donna Vekić in this morning's quarter final, but still made history as the first New Zealand woman to make it to the top eight.
Southland-born Sun was the talk of Te Anau, with her old tennis club filled up at midnight to watch the match. "She'll press on from here and she'll do great things," one fan said.
3 Man 'very lucky to be alive' after 48-hour search in rugged Westland
The man, who was "relatively new" to the area, left the Hokitika Gorge for an overnight tramp on Saturday.
He went missing in stormy conditions in Westland, requiring a 48-hour rescue effort involving five teams.
His decisions were described by police as a "textbook example of what not to do".
4 Record setting departure of New Zealand citizens, migration loss — Stats NZ
For the year ended May 2024, there was a net migration loss of 60,100 NZ citizens, the "highest on record".
The net loss of people leaving New Zealand for Australia in 2023 was 27,000, nearly double the 14.600 who left in 2022.
Meanwhile, Re: News multimedia journalist Janhavi Gosavi asked two Australia-bound Kiwis why they were making the move across the ditch.
5 KiwiRail reveals partial culprit behind Auckland train disruptions
The state-owned enterprise gave an update at an Auckland Council meeting on the state of the network and the preparations for the opening of the City Rail Link.
A "latent fault" was found within the frequency converter of the points machine — a device that controls the movement of trains from one track onto another.
KiwiRail will "proactively" manage the failures, but the frequency converters will ultimately all need to be replaced.
ONE RECEIPT REVEAL
In a new series, Indira Stewart meets supermarket shoppers, learning how they spend, save and splurge on their food budgets. This week, she spoke with Kahoa Meimuli-Corbett, from Māngere Bridge, Auckland, who saves on veggies but treats the grandkids and will pay top dollar for a quality bag of cashews.
ONE 'NEW' STAR TO LIGHT UP THE NIGHT
The star — T Coronae Borealis — lies in the constellation of the northern crown, visible in the northern sky from Australia and Aotearoa New Zealand over the next few months.
Every 80 years, the star erupts, shining 1500 times brighter than usual. Here on Earth, this makes it briefly visible in the night sky.
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