Hawkish RBNZ: Hike discussed, rate cut kicked down the road
‘We will need to stay awake and aware,’ governor Adrian Orr said, as financial markets reacted to yesterday’s OCR statement.
WATCH: Kiwibank senior economist Mary Jo Vergara speaks with Brent Edwards.
The Reserve Bank has delivered a hawkish tone that took financial markets by surprise, while pondering another rate hike and kicking rate cuts further down the road.
It left the official cash rate on hold as widely expected yesterday, marking 12 months at 5.5%.
The New Zealand dollar rose about half
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