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Economics
3 mins to read

RBNZ’s ‘punch in the guts’ rate hike, with more in the offing

RBNZ taking ‘startlingly different’ path to Australian counterpart.

First Union policy analyst Edward Miller speaks with Jonathan Mitchell.

The RBNZ could take the official cash rate to a new high of 6% if it wants to get its way with putting inflation back in the box, according to analysts.

It surprised by increasing the OCR by 50 basis points to 5.25% yesterday, with most economists expecting a 25bp hike, after the December

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Jonathan Mitchell Thu, 06 Apr 2023
Contact the Writer: jmitchell@nbr.co.nz
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RBNZ’s ‘punch in the guts’ rate hike, with more in the offing
Economics,
98552
true