RBNZ goes hard and fast, lifts cash rate to 1.5%

Wed, 13 Apr 2022

The Reserve Bank of New Zealand lifted the official cash rate by 50 basis points to 1.5%, stating it was better to move higher now rather than later. “Inflation is above target and employment is above its maximum sustainable level. As such, the committee confirmed further increases in the OCR are needed in order to meet their mandate,” it said.However its policy “path of least regret” is to increase the OCR by more now, rather than later, to head off rising inflation expectations and minimise any unnecessary volatil...

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