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More tightening needed
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent. The Committee also agreed to commence the gradual reduction of the Reserve Bank’s bond holdings under the Large Scale Asset Purchase (LSAP) programme - through both bond maturities and managed sales. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment. The level of global economic activity is generating rising inflation pressures, exacerbated by ongoing supply disruptions. The pace of global economic growth has slowed ... (full story)
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RBNZ: Sees Average OCR In Q1 2023 At 2.57%
— LiveSquawk (@LiveSquawk) February 23, 2022
- Sees Average OCR In Q2 2022 At 1.49%
- Sees Average OCR In Q3 2022 At 1.89%
- Sees Average OCR In Q4 2022 At 2.22%
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RBNZ MEETING MINUTES: THE OCR IS EXPECTED TO PEAK AT A HIGHER LEVEL THAN WAS ANTICIPATED IN THE NOVEMBER STATEMENT.
— Breaking Market News (@financialjuice) February 23, 2022