Lately for Wednesday 13 July 2022

10:18  WHAT DOES THE OCR INCREASE MEAN?

AS was widely predicted the Reserve Bank has raised the official cash rate to 2.5 percent

It's the highest rate since 2016 and more are promised as the bank tries to get inflation under control.

Adding to the economic woes, New Zealanders on average have spent an extra $4000-$5000 in the past year on basics including food, rent and fuel.

Financial commentator and editor of the newsletter The Kaka Bernard Hickey joins Karyn to explain what is going on

10:25 PEERING 13 BILLION YEARS INTO THE PAST

It may have felt a little smaller down here on earth today after NASA released more stunning images taken by the James Webb Space telescope.

The images show billions of years of cosmic evolution in what has been hailed as the beginning of a new era of space observation.

While NASA is the main player behind the 10 billion dollar telescope it has also been a international collaboration between multiple space agencies and scientific institutes

Head of Space Science at the UK Space Agency Dr Caroline Harper chats to Karyn about her reaction to those images and what the UK's involvement in the development of the telescope has been.

10:35 MID WEEK MEDIAWATCH

This week Colin Peacock talks to Karyn Hay about an under-exposed aspect of the current crisis in healthcare - and another batch of journalism jobs and content funded from the public purse

Also: a road rage TV show pulled off the air - and a blunt assessment of a TVNZ show yet to screen