Central Bank Watch
A Second Hike of the Reserve Bank of New Zealand’s Official Cash Rate
November 24, 2021
An initial OCR increase of 25 basis points had been done in October, and such has been followed by a second hike of same size to 0.75%. The rate had been previouslyat a record low of 0.25% from mid-March 2020. A released statement sees continuing reductions in monetary stimulus. Capacity pressures have continued to tighten. […] More
