Five Big Things That Happened Today: Wednesday, February 19

OCR, official cash rate, money.

Banks cut home loans in wake of OCR fall, home badly damaged in fire north of Auckland, and A$AP Rocky found not guilty of firing a handgun at a former friend.

1 All major banks make home loan cuts in wake of Official Cash Rate fall

The Reserve Bank has cut the official cash rate by 50 basis points to 3.75%.

Today's decision comes with inflation at 2.2% and unemployment for the December quarter at 5.1%.

All major banks have changed some of their home loan interest rates in reaction to today’s announcement.

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2 Passenger on Toronto flight describes the moment the plane crashed

A passenger on the plane which flipped upside down during a landing in Toronto has described his experience on the flight.

Peter Koukov was aboard the CRJ900 aircraft - operated by Delta Air Lines' subsidiary Endeavor Air - from Minneapolis bound for Toronto yesterday morning.

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3 Fire badly damages home in north Auckland

A fire has badly damaged a house in northern Auckland and flames have spread to a neighbouring property, according to Fire and Emergency New Zealand.

FENZ said it received calls to a house fire in Milldale, Wainui around 11.20am.

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4 A deeper look at US-Russia talks and what comes next

Top US and Russian officials have had their most extensive high-level engagement since Moscow sent troops into Ukraine almost three years ago.

They met for nearly four hours today in Saudi Arabia as President Donald Trump sought to advance his goal of ending the fighting in Ukraine and mending ties with Moscow.

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5 Speed limit changes outside schools are 'nonsense' – New Plymouth mayor

The New Plymouth mayor has described compulsory changes to speed limits outside schools as "ideologically-driven nonsense" that will cost ratepayers hundreds of thousands of dollars to implement and jeopardise child safety.

The Government is requiring streets outside schools with permanent 30km/h speed limits to revert to variable speed limits — allowing speeds of 50km/h outside pick-up and drop-off times by July 2026.

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ONE RAPPER CLEARED

Rapper A$AP Rocky was found not guilty today of firing a handgun at a former friend on a Hollywood street in 2021.

Los Angeles jurors deliberated for only about three hours before clearing him of two felony counts of assault with a semiautomatic firearm.

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ONE WAHS - TWO CAPTAINS

Mitch Barnett has pledged not to overthink his new leadership role as he prepares to lead the Warriors into their NRL season opener in Las Vegas.

The 30-year-old will share the Warriors' co-captaincy with gun recruit James Fisher-Harris in 2025 after injury forced Tohu Harris into retirement.

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