Latest from Banking and finance

OCR hiked to 3.25pc, dollar jumps
The Reserve Bank has just lifted the Official Cash Rate by 25 basis points to 3.25 per cent.

Traffic index bodes well for economy
ANZ Bank says its Truckometer indices bode well for economic growth into the second half of the year.

Rate rise likely but focus is on message
It will be no surprise at all if the Reserve Bank raises the official cash rate again on Thursday to 3.25 per cent

Slackers' World Cup goes to Chile
If you're planning to trade Chilean stocks during the World Cup, forget it.

Europe weighs anti-deflation steps
The European Central Bank is all but certain to cut interest rates today to try to boost ultra-low inflation and strengthen the wobbly recovery in the 18 countries that use the euro

Fran O'Sullivan: New watchdog barks at Reserve Bank
Financial Markets Authority chief executive Rob Everett has yet to be inducted into the club, writes Fran O'Sullivan. That's why he brings a refreshing outsider's view to the task of being New Zealand's markets watchdog.

Bitcoin grabs Dutch fancy
While big banks in China and the US are reluctant to do business with ventures focused on virtual currency, the Netherlands is now home to banks that are open to bitcoin.

Goldman says buy Brazil as it tips nation to win World Cup
Goldman Sachs say buy Brazilian stocks because the country will win the World Cup, giving a boost to the local equity market. But investors need to move fast as the gains won't last.