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General Business
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Reserve Bank raises OCR to 0.5%

UPDATED: Market expects further increases over the next few months

The Reserve Bank has raised the official cash rate (OCR) by 0.25 percentage points to 0.5%, the first rise in seven years. The move was widely expected and the market is anticipating it will be the first of a series of increases over the next few months, towards 1.5% and possibly higher.

The

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Daniel Riordan Wed, 06 Oct 2021
Contact the Writer: daniel@nbr.co.nz
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Reserve Bank raises OCR to 0.5%
General Business,
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