Reserve Bank raises OCR to 0.75%
Monetary Policy Committee judges it appropriate to continue reducing stimulus
Daniel Riordan
Wed, 24 Nov 2021
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Hawke’s Bay
The Reserve Bank's Monetary Policy Committee has raised the Official Cash Rate (OCR) to 0.75%, up from 0.5%. The committee said it remained appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment.
In a statement, the
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Daniel Riordan
Wed, 24 Nov 2021
Contact the Writer: daniel@nbr.co.nz
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Reserve Bank raises OCR to 0.75%
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