Reserve Bank hikes Official Cash Rate to 5.25 per cent
Reserve Bank delivers its latest Monetary Policy Review.
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Reserve Bank delivers its latest Monetary Policy Review.
The Reserve Bank of New Zealand has surprised the market with an above-expected 50 basis points rise, taking the official cash rate to 5.25%.
Reserve Bank lifts Official Cash Rate 50 basis points to 5.25% saying severe weather events have led to higher prices for some goods & services
The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent.
The Reserve Bank’s higher-than-expected Official Cash Rate hike “will push New Zealand into recession”, an economist says. The bank today lifted the Offici