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.
Jonathan Mitchell
Mon, 11 Jul 2022
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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Jonathan Mitchell
Mon, 11 Jul 2022
Contact the Writer: jmitchell@nbr.co.nz
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