Shadow board expects another 50bp OCR hike
Fifth consecutive hike of 50 basis points expected this week as RBNZ tackles inflation.
Shadow board mixed on how high OCR might need to go.
Jonathan Mitchell
Mon, 03 Oct 2022
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NBR Focus: GMO
Economists widely expect the Reserve Bank to raise the official cash rate again this week to try get ahead of inflation.
The New Zealand Institute of Economic Research’s shadow board expected the RBNZ to hike the OCR a fifth consecutive 50 basis points to 3.5% on Wednesday.
BNZ head of research
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Jonathan Mitchell
Mon, 03 Oct 2022
Contact the Writer: jmitchell@nbr.co.nz
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