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Economics
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‘Strong warning’ about another OCR hike after ‘shock’ statement

Kiwibank chief economist Jarrod Kerr surprised by tough language in RBNZ’s November monetary policy statement.

WATCH: Kiwibank chief economist Jarrod Kerr speaks with Jonathan Mitchell.

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. 

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.

The

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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. 
‘Strong warning’ about another OCR hike after ‘shock’ statement
Economics,
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