‘We’re sorry,’ Orr tells select committee after aggressive hike
Jumbo hike of 75bp will not be the last from RBNZ, with new OCR 5.5% peak expected.
RBNZ continues to tighten at pace, inflation barely moving.
Adrian Orr has apologised to New Zealanders facing aggressive interest rate increases, amid a backdrop of stubbornly high inflation.
The governor, along with members of the central bank’s Monetary Policy Committee, addressed the Finance and Expenditure Select Committee this morning, a day after
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