RBNZ hits ‘go’ on another OCR hike
The Monetary Policy Committee voted five-two in favour of jumping an extra 25bp to 5.5% today.
RBNZ Governor Adrian Orr announces a 25 basis point OCR increase.
The Reserve Bank has hiked the official cash rate to a new high of 5.5%, as widely expected.
After a vote today, the Monetary Policy Committee agreed five votes to two, to increase the OCR by 25 basis points, after considering whether to pause, or increase interest rates.
The committee said higher
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