RBNZ hikes by 50bp; cyclone impact on monetary policy unclear
Adrian Orr hikes again – as widely expected – to cool inflation and the economy.
Reserve Bank hikes OCR by 50bp to 4.75% as widely expected.
The Reserve Bank has again hiked the official cash rate because major economic indicators remain far too hot and outside the box.
This afternoon, RBNZ governor Adrian Orr delivered a 50 basis point lift today to 4.75% – as widely expected – and followed November’s 75bp jump.
He said while there
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