RBNZ lifts OCR by 50bps to 2.5%, maintains approach of brisk rate hikes

RBNZ raised Official Cash Rate by 50bps to 2.50% as widely expected. The central bank also indicated that it will follow the projected path to raise interest to nearing 3.5% by the end of 2022, and then around 4% in mid-2023. “The Committee is comfortable that the projected path of the OCR outlined in the […]

The post RBNZ lifts OCR by 50bps to 2.5%, maintains approach of brisk rate hikes appeared first on Action Forex.