Wellington, July 29 NZPA - The Reserve Bank of New Zealand (RBNZ) lifted the official cash rate (OCR) 25 basis points to 3 percent but caught financial markets on the hop by hinting it may pause in future due to the weakness of the recovery.

Wellington, May 6 NZPA - Confidence in the housing market has continued to soften as fewer people expect prices to rise in the next year, the latest ASB housing confidence survey found.