However, five predicted the half-point increase and investors had assigned it a 70% probability.“ The committee agreed that their policy ‘path of least regret’ is to increase the OCR by more now, rather than later, to head off rising inflation expectations, ” the RBNZ said....
“ It is appropriate to continue to tighten monetary conditions at pace.” The RBNZ has raised the cash rate for four straight policy meetings, lifting it by 125 basis points since October as inflation surged to a 32-year h
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2022-04-14 00:00:00.0