HOUSE PRICES: UP REINZ data shows February's national median sale price increased 3.1 per cent from $766,000 to $790,000 year-on-year. There was also a rise of 3.9 per cent from January's $760,000 to $790,000. New Zealand, excluding Auckland, also rose month-on-month by 3.6 per cent from $685,000 to $710,000 and up year-on-year by 2.6 per cent from $692,000 to $710,000. Auckland's median sale price has bumped back up over the $1 million mark to $1,025,000 in line with the last few years where during February prices sat over $1 million.
OCR: STEADY The Reserve Bank's official cash rate has been held at 5.5 per cent since July last year after the RBNZ indicated it was at the end of its tightening cycle. It is not expecting to make changes until…
