The Reserve Bank issued the following press release announcing a further increase in the official cash rate today.

Wellington

Two advisers who had agencies with AXA have come in for some heavy criticism from the Securities Commission over their lack of disclosure, and the roles they played in promoting a scam fund in New Zealand.

National and the Greens are opposing the Government's ad campaign promoting the NZ Superannuation Fund, but for different reasons.

National's superannuation spokesman Gerry Brownlee has asked the Auditor General to investigate the Government's superannuation publicity campaign.

Auckland

Greens say super campaign probably legal, but wrong.

New Plymouth

Tirau

Christchurch