Reserve Bank expected to hike Official Cash Rate to 2.75 per cent
The Reserve Bank is widely expected to increase the Official Cash Rate by 25 basis points this week, though some economists question the timing.
Economists are aligned in predicting the Reserve Bank will lift the Official Cash Rate to 2.75 per cent at its decision this week. The move would represent another 25 basis point increase. While the prediction is near-universal among forecasters, there is some debate about whether further tightening is appropriate given economic conditions.
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What outlets are saying
interest.co.nz
Bank economists aligned on what the RBNZ will do with the OCR on Wednesday
Economists in agreement the Reserve Bank will increase the Official Cash Rate again on Wednesday
Newsroom
Reserve Bank set to hike the OCR once again this week
Business & investing: Economists unanimously predict an increase to 2.75 percent this week The post Reserve Bank set to hike the OCR once again this week appeared first on Newsroom .
NZ Herald
OCR Preview: Reserve Bank expected to hike cash rate to 2.75%
The Reserve Bank will release new forecasts with its Monetary Policy Statement this week.
RNZ
Interest rate hike expected but is this really the right time?
Economists are predicting the Reserve Bank to increase the official cash rate this week.
1News
OCR hike all but certain, all eyes on the Reserve Bank's next move
Economists expect another 25-point hike to the highest level in more than a year, though Kiwibank says the economy is too weak to justify further tightening.
Newstalk ZB
Mike Jones: BNZ Chief Economist on the expectation the Reserve Bank will hike the Official Cash Rate from 2.5%
The Reserve Bank looks set to turn the screws on interest rates again today.
Stuff
Another OCR hike expected today – but not everyone is on board
The Reserve Bank is expected to increase the Official Cash Rate (OCR) by 25 basis points to 2.75% at 2pm .
NZ Herald
Reserve Bank to make Official Cash Rate call – will we get another hike?
Markets and local economists are forecasting an increase for the Official Cash Rate.
1News
Live updates: Reserve Bank to make OCR announcement
Follow along as the Reserve Bank delivers its official cash rate (OCR) decision this afternoon.