What’s at stake:Whether the RBNZ needs to hike the official cash rate again because of stubborn inflation pressures.
Background: The central bank has released its November Monetary Policy Statement. It left the OCR at 5.5%, as widely expected, while delivering a hawkish outlook.
Key players: RBNZ, Adrian Orr, Christopher Luxon, Nicola Willis, Caralee McLiesh.
The Reserve Bank has given a “strong warning” about the need for a further rate hike, amid worries about ongoing inflation pressures – especially on rent and property.
Yesterday, the central bank left the official cash rate at 5.5%, as widely expected, in the last review of the year.
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Key points
What’s at stake:Whether the RBNZ needs to hike the official cash rate again because of stubborn inflation pressures.
Background: The central bank has released its November Monetary Policy Statement. It left the OCR at 5.5%, as widely expected, while delivering a hawkish outlook.
Key players: RBNZ, Adrian Orr, Christopher Luxon, Nicola Willis, Caralee McLiesh.
