Is the Reserve Bank's hiking cycle over?

Some economists think there are more hikes to come. (Image: NZME)

Thu, 25 May 2023

The Reserve Bank of New Zealand (RBNZ) signalled the current hiking cycle is over, but not everyone is convinced. “The committee agreed the level of interest rates is constraining spending and inflation pressure,” the central bank said, after lifting rates by 25 basis points to 5.5%.Its forecasts show rates remaining around 5.5% for at least a year, with rate cuts pencilled in from the second half of 2024.“The OCR will need to remain at a restrictive level for the foreseeable future, to ensure that consumer price inflatio...

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