Reserve Bank expected to raise OCR again today
Morning Report
English - August 16, 2022 19:26 - 4 minutes - 4.38 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The Reserve Bank is expected to deliver a fourth consecutive 50 basis point rise in the official cash rate later today.
This would take the OCR to a seven-year high of 3 percent, as the Reserve Bank continues its all-out assault on inflation at a 32-year high.
RNZ business editor Gyles Beckford spoke to Corin Dann.