Inflationary pressures mean the Reserve Bank will have to lift the official cash rate (OCR) sooner than markets are now expecting.
“The Reserve Bank said in their monetary policy statement that the cut to the OCR two weeks ago was very much an emergency cut,” said Bank of New Zealand
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Rob Hosking
Thu, 24 Mar 2011
Thu, 24 Mar 2011
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Reserve Bank could raise rates earlier than expected – economist
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