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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