RBNZ hikes 25bps, with more to come

As was widely expected (and priced) the RBNZ hiked their OCR 25bps to 50bps at their 6 October meeting. They indicated that there’s more tightening to come, noting rising capacity pressures and the need to reduce monetary policy stimulus to maintain price stability. The Committee agreed that rising capacity pressures would feed through into inflation. … Read more