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.
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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