RBNZ hikes ‘justified’, inflation outlook highly uncertain
RBNZ raised the official cash rate by 50bp to 2.5%.
Fisher Funds senior portfolio manager for fixed interest David McLeish speaks with Jonathan Mitchell.
Commentators say the Reserve Bank was justified in its 50-basis-points move in the official cash rate to 2.5%, in another attempt to bring inflation back into line.
The RBNZ raised rates by 50bp in April, then again in May, and toughened its language about the need to tighten monetary policy “at
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