RBNZ delivers a jumbo-sized 75bp OCR increase
A whopper 100bp hike was also considered by the monetary policy committee.
Adrian Orr announces OCR increase.
Jonathan Mitchell
Wed, 23 Nov 2022
Hot Topic
Hawke’s Bay
Update: At a news conference on Wednesday afternoon, Reserve Bank Governor Adrian Orr said new shocks kept arriving which meant the RBNZ was always kept on its toes to adjust its forecasts.
That included Russia’s invasion of Ukraine, food and energy price hikes, as well as the labour market.
Orr
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Jonathan Mitchell
Wed, 23 Nov 2022
Contact the Writer: jmitchell@nbr.co.nz
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