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What needs to happen before the RBNZ takes its foot off the rate hike pedal
The Covid-19 pandemic has been a very challenging time, the likes of which we haven't experienced since World War Two. And it's against this backdrop that the Reserve Bank is waging its fight against the highest inflation since the 1980s, Kiwibank Chief Economist Jarrod Kerr says. Speaking in a new episode of interest.co.nz's Of Interest Podcast, Kerr says he expects the Reserve Bank to increase the Official Cash Rate (OCR) by 75 basis points to 4.25% when it reviews the OCR for the last time in 2022 on November 23. "It is an aggressive move but the war on inflation is far from over," Kerr says. "The deceleration ... (full story)
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- Posted: Nov 16, 2022 11:26pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 510
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