Reserve Bank raises OCR to 0.75%
Monetary Policy Committee judges it appropriate to continue reducing stimulus
Daniel Riordan
Wed, 24 Nov 2021
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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