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Economics
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RBNZ delivers fifth 50bp hike to OCR

Reserve Bank lifts the cash rate to 3.5% – and pondered a 75bp hike.

Illustration: Michael Hickmott.

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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Contact the Writer: jmitchell@nbr.co.nz
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RBNZ delivers fifth 50bp hike to OCR
Economics,
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