RBNZ delivers fifth 50bp hike to OCR
Reserve Bank lifts the cash rate to 3.5% – and pondered a 75bp hike.
Illustration: Michael Hickmott.
Jonathan Mitchell
Wed, 05 Oct 2022
The Reserve Bank has hiked the official cash rate by 50 basis points to 3.5%, as widely expected.
It marked the eighth consecutive move upwards in the OCR and the fifth 50bp hike in a row.
The monetary policy committee agreed it was appropriate to tighten monetary policy at pace because inflation was
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Jonathan Mitchell
Wed, 05 Oct 2022
Contact the Writer: jmitchell@nbr.co.nz
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