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OCR will keep rising thanks to inflation, economists say

March’s record CPI figure has given the Reserve Bank the green light to increase rates.

Maria Slade Thu, 21 Apr 2022

Economists predict the Reserve Bank will deliver another 50 basis points hike in the official cash rate in May, as it battles to control ballooning inflation.

Annual consumer price inflation reached a 30-year high of 6.9% in the March quarter, due to rising fuel, food, and housing

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OCR will keep rising thanks to inflation, economists say
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