Reserve Bank opts for 0.5% OCR lift

Oct 5, 2022 | Economy, Latest News

New Zealand’s central bank continues to attack inflationary pressures in the economy with a further 50 basis points rise in the Official Cash Rate to 3.5% announced today. The RBNZ was not tempted to follow the Reserve Bank of Australia’s more moderate 25 bps rise yesterday in Australia’s cash rate. Global consumer price pressures remain […]

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Reserve Bank opts for 0.5% OCR lift

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