Door open for further OCR hikes this year as RBNZ raises rate
But the OCR path is not pre-determined and remains data-dependent, the RBNZ says.
September monetary statement presented by RBNZ governor Dr Anna Breman.
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The Reserve Bank of New Zealand has raised the Official Cash Rate (OCR) again, by 25 basis points to 2.75%, and left the door open for further moves upward this year.
But the central bank's Monetary Policy Committee said the path had not been pre-determined and remained data-dependent.
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