Shadow board suggests another 50bp OCR hike
RBNZ expected to keep moving at pace when it reviews official cash rate on Wednesday.
OCR could peak at 3.5% to get inflation in check.
Analysts are more than certain a third consecutive 50 basis point hike in the official cash rate is coming this week, as the Reserve Bank attempts to dampen inflation.
The NZ Institute of Economic Research’s ( NZIER) shadow board has today widely picked the OCR would hit 2.5% on Wednesday
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