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NZ Reserve Bank tipped to raise official cash rate to highest it's been since 2016

From stuff.co.nz

The Reserve Bank will release its second monetary statement for the year on Wednesday. Bank economists universally expect it will announce another hike in the official cash rate (OCR). But there will be a lot more to look out for, especially as the statement will come just days after the Government’s big spending Budget. These are likely to be six of the hottest topics on Wednesday. The size of the OCR hike: Most bank economists expected the Reserve Bank will announce another “double hike” in the OCR, raising it from its current level of 1.5% to 2%, which would be the highest it has been since September 2016. But ... (full story)

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  • Category: Fundamental Analysis