Economists raise chances of 5% OCR in inflation fight
Tuesday's inflation data was hotter than expected – where’s it all heading?
Westpac senior economist Satish Ranchhod speaks with Jonathan Mitchell.
Economists have upped the official cash rate stakes and raised the possibility of it hitting 5% next year to cool unruly inflation.
Stats NZ data out today showed annual inflation at 7.2% in the year ended September, a smidge below the 7.3% recorded in the previous data – which was a
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