[VIDEO EPISODE ON YOUTUBE & SPOTIFY] Tracksuit just closed a US$25 million funding round to push its brand tracking tool into boardrooms, including in the epicentre of advertising - New York City.

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Many Kiwis are studying or training in skills that aren't needed in the job market.

That's the warning from Business NZ as the Government reviews New Zealand's vocational education system.

The lobby groups say graduates are being held back from gaining employment because they've trained in the wrong area.

They're calling for an industry-led vocational system, with more focus on work-based training and relevant, up-to-date skills.

Business NZ Education Specialist Rachel Simpson told Heather du Plessis-Allan that many of the current qualifications and programmes haven’t been changed in years.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.

Mortgage-holders will be holding their breath in after yesterday's OCR announcement.

The Reserve Bank's opted to keep the Official Cash Rate unchanged at 3.25% while signalling the possibility of further cuts.

But new ASB research suggests interest rates remain volatile, with several opposing forces at play.

Finance and Mortgage Association Country Manager Leigh Hodgetts told Andrew Dickens that they’re holding out hope for a cut in August.

She says that people are looking for a bit of relief in their household spending, which would come from interest rates coming down.

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

See omnystudio.com/listener for privacy information.