The Official Cash Rate will remain unchanged at 0.25%, the Reserve Bank has announced. A statement from the central bank’s governor Adrian Orr said that while global economic activity has increased since November, “this lift… has been uneven both between and within countries”. Orr said: “The initiation of global Covid-19 vaccination programmes is positive for future health and economic activity. The Committee agreed, however, that there remains a significant period before widespread immunity is achieved. In the meantime, economic uncertainty will remain heightened as international border restrictions continue.” 2.10pm: Former ZB talkback host returning to airwaves Danny Watson is returning to the radio biz, taking over the afternoon slot on Magic Talk from Sean Plunket.