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Hot Topic Budget 25
Hot Topic Budget 25
Economics
4 mins to read

RBNZ foolish to hike OCR this week: Shamubeel Eaqub

Economist and commentator thought central bank could have paused in wake of Cyclone Gabrielle destruction.

Shamubeel Eaqub speaks with Jonathan Mitchell.

Economist Shamubeel Eaqub has ripped into the RBNZ for hiking the official cash rate this week, so soon after Cyclone Gabrielle caused widespread chaos and destruction.

Yesterday, RBNZ governor Adrian Orr delivered a 50 basis point lift to 4.75% – as widely expected – which followed November’s

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Jonathan Mitchell Thu, 23 Feb 2023
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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RBNZ foolish to hike OCR this week: Shamubeel Eaqub
Economics,
97840
true