High interest rates set to be around for longer
ANALYSIS: Indeed, the effect of international geopolitical events may mean the OCR might go up rather than down.
WATCH: NBR columnist Christoph Schumacher speaks with Jonathan Mitchell.
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For most of 2023, The Reserve Bank of New Zealand suggested that the official cash rate might come down this year. However, in the late-November OCR review, the RBNZ indicated it would keep the OCR high, and this hawkish stance was confirmed by Paul Conway, the chief economist of the RBNZ, in a
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