Here's why no change to the OCR was bad news for borrowers

You might think nothing much changed in terms of the official cash rate (OCR) on Wednesday. It was 5.5% in the morning and remained 5.5% in the evening. But the announcement early in the afternoon that the Monetary Policy Committee had decided to keep the rate on hold came with detail that was a surprise to the markets. 30 November 2023 [View in Browser]( Hello and welcome to your morning briefing from Stuff, bringing you the top stories and news you'll want to read. [Here's why no change to the OCR was bad news for borrowers]( [Here's why no change to the OCR was bad news for borrowers]( [You might think nothing much changed in terms of the official cash rate (OCR) on Wednesday. It was 5.5% in the morning and remained 5.5% in the evening. But the announcement early in the afternoon...]( [New Zealand schools ban Crocs, Jibbitz due to scraps in the playground]( [New Zealand schools ban Crocs, Jibbitz due to scraps in the playground]( [They’re arguably one of the ugliest shoes one can wear, but they’re somehow still trendy and now, they’re causing issues in the school yard. Some schools around the country have moved to ban Crocs...]( [5 things we learnt from Christopher Luxon's first post-Cabinet presser]( [5 things we learnt from Christopher Luxon's first post-Cabinet presser]( [Christopher Luxon has held his first post-Cabinet press conference as prime minister, in which he focused on the Government’s pre-Christmas and then 100-day plans. While Luxon was keen to look...]( Newsable: the news worth talking about Join Imogen Wells and Jess McCarthy for your daily dose of exclusives, analysis and fresh perspectives on news. The podcast drops each weekday from 6am on [newsable.co.nz]( or listen on Apple, Spotify or wherever you get your pods. [Listen to the latest episode of Newsable →]( [Consumer NZ takes legal action over Z Energy claims]( [Consumer NZ takes legal action over Z Energy claims]( [Consumer NZ says it is seeking declarations from the High Court that Z Energy has breached the Fair Trading Act with misleading public messaging....]( [Newsable: New royal book shows Prince William has ‘balls’]( [Newsable: New royal book shows Prince William has ‘balls’]( [A new book on the royal family shows Prince William has “balls”, according to one royal expert. Endgame is the latest book from Omid Scobie, a...]( [England captain Owen Farrell misses Six Nations for 'mental well-being']( [England captain Owen Farrell misses Six Nations for 'mental well-being']( [England captain Owen Farrell won't be available for this season's Six Nations Championship after deciding to take a break from international rugby....]( [Tova Podcast: Winston Peters making it look like Chris Luxon has lost control]( [Tova Podcast: Winston Peters making it look like Chris Luxon has lost control]( [Tova O’Brien is Stuff’s Chief Political Correspondent and host of the weekly political podcast, Tova. The latest episode ‘Up in Smoke: The end of...]( [Being given a new heart and a new start at age 18]( [Being given a new heart and a new start at age 18]( [George Riki-Pennicott’s​ life started to change with a “raw, horrible” cough, like the then 16-year-old​ had something stuck in his throat. He’d...]( [Why P Diddy, Axl Rose, Trump, and so many other famous men are facing sexual assault cases]( [Why P Diddy, Axl Rose, Trump, and so many other famous men are facing sexual assault cases]( [Warning: This story contains details some may find upsetting. Over 3,700 legal claims of sex crimes have been filed under New York’s Adult...]( Enjoying this email? [Check out Stuff's other daily and weekly newsletters](. [Feedback]( [Unsubscribe]( [Privacy Policy]( Stuff, 4 Williamson Ave, Ponsonby, Auckland, 1021, New Zealand