close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Economy Matters
4 mins to read

Making sense of the OCR

ANALYSIS: Is it too little, too late? The free-market economist in me says yes, although the RBNZ probably begs to differ.

NBR columnist Christoph Schumacher speaks with Jonathan Mitchell.

On Wednesday, the Reserve Bank increased the Official Cash Rate (OCR) by 0.75 percentage points (pp) to 4.25%. This isn’t surprising given that inflation has reached a 30-year high of 7.2%, but is it too little too late? 

Think of the OCR as the cost of money. So, if prices increase too quickly,

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Christoph Schumacher Mon, 28 Nov 2022
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Making sense of the OCR
Economy Matters,
96754
true