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Economics
4 mins to read

Inflation back in the box next year, door open for another hike

The RBNZ held the official cash rate at 5.5% today, no cuts likely until 2025.

WATCH: RBNZ governor Adrian Orr.

Key points
  • What’s at stake: Whether the RBNZ needs to hike the official cash rate again because of stubborn inflation pressures. Different views emerge about timing of rate cuts.
  • Background: The central bank has released its November Monetary Policy Statement. It left the OCR at 5.5%, as widely expected.
  • Key players: RBNZ, Adrian Orr, NZIER, Christina Leung, ANZ, Sharon Zollner, BNZ, Mike Jones.

The Reserve Bank has kept the official cash rate at 5.5%, as widely expected, but remains worried about inflation and has left the door open for another rate hike. 

In the last review of the year, the Monetary Policy Committee was confident that interest rates were restricting spending in the

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Key points
  • What’s at stake: Whether the RBNZ needs to hike the official cash rate again because of stubborn inflation pressures. Different views emerge about timing of rate cuts.
  • Background: The central bank has released its November Monetary Policy Statement. It left the OCR at 5.5%, as widely expected.
  • Key players: RBNZ, Adrian Orr, NZIER, Christina Leung, ANZ, Sharon Zollner, BNZ, Mike Jones.
Inflation back in the box next year, door open for another hike
Economics,
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