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Reserve Bank of New Zealand Shadow Board splits over rate hike this week, 0bp vs. 25 vs 50

The Shadow Board are divided over their recommendation to the Reserve Bank of New Zealand at Wednesday's meeting. In brief from the NZIER report:The Shadow Board is divided over whether the Reserve Bank should increase the Official Cash Rate (OCR) in the May Monetary Policy Statement. A larger number of Shadow Board members viewed an OCR increase of 25 basis points to 5.50 percent is warranted, given domestic inflation pressures remain high and the upside risk to inflation due to the weather eve... Read More

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Posted: May 21 2023, 22:32

Author Name: forexlive

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